Money Inflation shows signs of easing, but that probably won’t stop a 40-year high and a big Fed hike July 12, 2022July 12, 2022 Paul Davidson, USA TODAY Comments Off on Inflation shows signs of easing, but that probably won’t stop a 40-year high and a big Fed hike June's consumer price index is likely to reveal another 40-year high. There are signs inflation is easing, but a big Fed hike is still expected.