Don't Expect the New Fed Chair to Cut Rates

Not with US inflation rising to 3.8% last year and more inflation in the pipeline from energy disruptions as a result of the US-Iran war. We are in for a bumpy ride. > US inflation jumped to 3.8% in April as the war in the Middle East continued to drive energy prices and everyday costs for Americans. > > Prices rose 3.8% over the last year, according to the data from the Bureau of Labor Statistics, the highest jump since 2023. > > This is the second official measure of the consumer price index, which measures the price of a basket of goods and services, since the start of the war with Iran. In March, prices rose 3.3%, up from 2.4% in February. And consumer sentiment is falling as well. Go figure.