Inflation, dollar hyperinflation with black background. One dollar bill is sprayed in the hand of a man on a black background. The concept of decreasing purchasing power, inflation Source: AdobeStock.

NAFCU Chief Economist Curt Long said Wednesday's report that inflation rose a record 9.1% in June could lead the Fed to consider raising rates by a full percentage point when it meets July 26-27.

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Jim DuPlessis

A journalist for decades.

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