BUSINESSMARKETWATCH
U.S. inflation tops 4%, but tumbling oil prices to bring price relief soon
U.S. inflation has exceeded 4%, marking the worst inflation in three years, though tumbling oil prices are expected to provide price relief soon. The peak of this inflationary period may have been reached.
Related Signal
Adjacent reporting
- May inflation likely topped 4% for first time in 3 years, economists say
- April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.
- The 4.2% inflation rate is a bummer, but the worst might be over
- Inflation spiked to 4.2%, a three-year high, in May
- Oil Shock Drives Thailand Inflation to Near Top End of Target