This is a fragile moment for the U.S. economy. Many people are feeling the steep rise of the cost of gas and groceries, and some are having to decide whether to buy food or fill up their tanks. Food banks and local non-profits are seeing more people than ever. And experts worry that the Federal Reserve's efforts to combat inflation by raising interest rates could tip the economy into recession.
NPR's Scott Horsley covers the big-picture economy, Chris Arnold covers housing and Brittany Cronin covers energy. They explain what sectors are feeling the most impact and how it's playing out for different people.
<p>Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.</p><p><br></p><p>Read more:</p><p><br></p><p>In December, inflation hit a staggering 7 percent. ... Show More
