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INFLATION CONTINUES TO CLIMB IN 2026
Inflation came in exactly as expected today at 4.2% but that's not the good news it sounds like.
This marks the highest inflation reading since May 2023. Inflation had spent nearly three years below 4% but it has now broken back above that
BREAKING: May CPI inflation rises to 4.2%, the highest level since April 2023.
Core CPI inflation also rises to 2.9%, the highest since September 2025.
Inflation in the US is officially back above 4% and more than double the Fed's target.
Odds of Fed rate hikes are rising.















