Source: United States & Canada – South China Morning PostUS consumer prices soared last year by the most in nearly four decades, illustrating red-hot inflation that sets the stage for the start of Federal Reserve interest-rate hikes as soon as March.The consumer price index climbed 7 per cent in 2021, the largest 12-month gain since June 1982, according to Labour Department data released on Wednesday. The widely followed inflation gauge rose 0.5 per cent from November, exceeding forecasts.Excluding the volatile food and energy components, so-called…Read More