Iran, Inflation and First Time
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Kevin Warsh, Inflation
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The new CPI report showed inflation in May climbed to the highest rate in about three years.
Consumer prices increased 4.2% from May 2025 and 0.5% between April and May, the Bureau of Labor Statistics reported, matching consensus economist estimates, according to FactSet. That’s the first time inflation crossed the 4% annual rate since May 2023 (4%),
The year-over-year inflationrate slowed to 2.7% in November, down from 3% in September, the last month for which data is available. Economists expected a 3.1% rate, which would have been the highest since May 2024. The Bureau of Labor Statistics won't be ...
The European Central Bank raised interest rates for the first time in nearly three years on Thursday in the hope of curbing inflation before a surge in energy costs triggered by the Iran war spreads more broadly across the euro zone economy.
The first inflation report since President Donald Trump launched his tariffs last month came out Tuesday, revealing prices rose less than expected, though the full extent of the tariff’s impact on consumers is still far from being captured from the data ...
The rise in fuel prices poses a challenge for Trump and Republicans as they prepare for a midterm election campaign dominated by affordability issues.
