'I love the inflation' comment out of context, Trump and Johnson argue

President Donald Trump said on June 10 'I love the inflation' when asked about the May CPI report. He later told the New York Post it was out of context.

America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising ...
CNBC

Inflation could get in the way of Warsh's desire to cut interest rates, CNBC survey finds

Efforts by Fed chair nominee Kevin Warsh to satisfy President Donald Trump's demands for lower rates look likely to be stymied by high oil prices and inflation, according to the latest CNBC Fed Survey ...
CNBC

Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%

The core PCE price index, the Fed's preferred inflation gauge, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%. Headline prices rose 0.7%, putting the ...
The Conversation

Australia’s inflation surge just made an RBA rate rise more likely

Australia’s inflation rate surged 1.1% in March, driven by a record jump in fuel prices, making an interest rate hike next Tuesday more likely. The consumer price index (CPI), released today, rose to ...

Inflation Jumps 4.2% In May—Smart Strategies To Help Offset Rising Everyday Costs

For a third consecutive month, the inflation rate has jumped, with the current rate being 4.2% year over year, up from 3.8% in April, according to the latest Bureau of Labor Statistics (BLS) data ...
Reuters

US consumer sentiment slumps to record low in April; inflation expectations rise

WASHINGTON, April 24 (Reuters) - U.S. consumer sentiment fell to a record low in April as households shrugged off a ceasefire in the war with Iran, remaining focused on the inflation ‌fallout from the ...
CBS News

In 8 weeks, the Iran war has dented the U.S. economy. The damage could linger, economists say.

In the eight weeks since the Iran war started, the conflict has driven gas prices above $4 a gallon, strained homebuyers and pushed inflation to its highest level in nearly two years. Even if the war ...
Investopedia

Iran War Inflation Could Take Years To Fade After Conflict Ends

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...
MarketWatch

U.S. inflation picture is the worst in almost 4 years

The U.S. economy rebounded a bit in April from the near-stagnation seen in the prior month, but the overall inflation picture is now the most worrying since 2022. S&P Global’s index of service ...
Slate

The Real Reason Everything Feels So Expensive Right Now

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Sara Parker is a mom in Houston, Texas ...