How Will Fed Respond to Peak Inflation?

June inflation soared 9.1%, a new 40-year high, amid spiking gas prices
https://www.washingtonpost.com/business/2022/07/13/inflation-june-cpi/
 
Fed Could Weigh Historic 100 Basis-Point Hike After Inflation Scorcher
https://www.bloomberg.com/news/articles/2022-07-13/fed-could-weigh-historic-100-basis-point-hike-after-cpi-scorcher

Recession risks rise as Fed faces daunting task
https://www.washingtonpost.com/business/2022/07/13/fed-inflation-recession/

Inflation Soared in June, Pinching Consumers and Challenging Policymakers
https://www.nytimes.com/2022/07/13/business/economy/inflation-june-soaring-consumers.html