Fed's preferred inflation index hit 4.1% in May
Digest more
High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday.
2hon MSN
Global market: Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden
Tokyo's core inflation surged in June, driven by rising energy costs stemming from the Middle East conflict. This acceleration signals broadening price pressures, prompting the Bank of Japan to consider further interest rate hikes.
Bitcoin price fell to $58,000 after hot May inflation dashed Fed rate-cut hopes, triggering $1.26 billion in liquidations.
The PCE inflation data raises questions for homebuyers. Will high inflation increase mortgage rates, or will low oil prices save the day?
8hon MSN
Fed's Williams: Inflation still too high, rate policy 'well positioned' to lower price pressures
By Michael S. Derby June 25 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday that while inflation pressures are likely to moderate this year they remain too high,
On June 25, 2026, investors weighed fresh inflation signals and the two sides of high memory chip costs as markets diverged.
It'll be the first major bit of inflation data since Fed officials last week indicated that they envision lifting the central bank's benchmark rate by a median of a quarter-percentage-point before 2027.
Inflation is rising again as energy shocks push markets to price in potential Fed rate hikes in 2026, shifting expectations away from cuts.