US Inflation Hits 3-Year High as Iran War Energy Surge Spreads Through Economy

The Federal Reserve’s preferred inflation measure climbed to its highest level in over three years in May, as energy price increases tied to the Iran war continued bleeding into broader parts of the economy, keeping pressure on the central bank to raise rates. The Personal Consumption Expenditures price index rose 4.1% on an annual basis, […] The post US Inflation Hits 3-Year High as Iran War Energy Surge Spreads Through Economy appeared first on the deep dive.