Consumer prices rose 4.2% annually in May, highest in three years

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

The stock market could drop: 2 urgent warnings from former Fed Chair Jerome Powell explain why

The stock market's expensive valuation is particularly concerning alongside the prospect of higher interest rates.
24/7 Wall St.

Producer Price Inflation Hits 6.5%, But the Fed May Still Pause Rate Hikes — Here’s Why

The inflation story just got another plot twist. Fresh data from the U.S. Bureau of Labor Statistics showed May producer ...
WWNO

Inflation is up. Americans explain how it's affecting them

Consumer prices surged 3.8% in April from a year ago. That's according to data released today from the Department of Labor. SACHA PFEIFFER, HOST: It's the highest annual reading since May 2023, and it ...
U.S. News & World Report

Exclusive-Fed's Musalem Says Oil Shock Likely to Keep Core Inflation Near 3%, Rates on Hold for Some Time

WASHINGTON, April 15 (Reuters) - High oil prices are likely to keep underlying inflation nearly a percentage point above the ⁠Federal ⁠Reserve's 2% target for the rest of this year, with the ⁠U.S.
Morningstar

Inflation is getting worse. Just how bad is it going to get?

Consumer and wholesale prices are rising at the fastest rate in three years due to the Iran war Higher prices have forced Americans to be more choosy about what they buy. The surge in gasoline prices ...

Norway's May core inflation rises unexpectedly to 3.4%

Norway's annual core inflation rate rose unexpectedly in May, ​Statistics Norway (SSB) data showed on Wednesday, supporting ...