Live Feeds
● LIVE Updated 1h ago · 34 sources tracked

Inflation hits 3-year high, pressuring Fed to raise rates as election nears

A key inflation gauge has reached its highest level in three years, with inflation topping 4% for the first time in that period. The Federal Reserve is facing pressure to raise interest rates as the election approaches. Consumers continue to spend despite rising energy costs.

RSS Source map (26)

What changed

Recent data shows inflation has surpassed 4% and core inflation hit a peak not seen since October 2023.

Live updates

  1. US Inflation Hits 3-Year High as Fed Faces Rate Pressure

    A key inflation gauge has reached its highest level in three years, with inflation topping 4% for the first time in that period. The Federal Reserve is facing pressure to raise interest rates as the election approaches. Consumers continue to spend despite rising energy costs.

    What's confirmed:

    • Inflation topped 4% for the first time in three years.
    • A key inflation gauge reached a 3-year high.
    • The core inflation rate hit 3.4% in May, the highest since October 2023.
    • Consumer spending is increasing despite rising energy costs.

    Still unconfirmed:

    • The Fed may raise rates as the election nears.
    confidence 90%