Inflation sizzles…and a rate hike looks inevitable
It appears that Fed Chair Warsh has no choice but hike interest rates next week
Get the full scoop on inflation rate through expert analysis, breaking news updates, and essential context from the Morning Brew team.
It appears that Fed Chair Warsh has no choice but hike interest rates next week
This represents a second month in a row of tame inflation data.
Inflation for May reached 4.2%, the highest level since April 2023, with the energy crisis stemming from the Iran war driving up the cost of gas.
Annual wage growth slowed to 3.6% last month, while year-over-year inflation hit 3.8%.
The Consumer Price Index rose just .2% in January.
Here’s where things get a little sketchy...
Inflation remaining relatively tame is likely to keep the Fed on track to lower interest rates.
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