inflation
The year-over-year inflation rate ticked up in May to 2.4% from 2.3%, less than expected and reversing this year’s cooling trend.Economists expected the consumer price index to surge 2.5% in May from a year earlier.Morgan Stanley expected the new consumer price index report to show evidence of “tariff-driven inflation,” given…
President Donald Trump says there’s “no inflation,” but the latest data shows the battle against rising prices is still going on, and they’re rising faster than the Federal Reserve would like. In a post on Truth Social on Friday morning, the president pointed to inflation, gas prices, and mortgage rates…
