US inflation tops 4% for the first time in three years
May's CPI showed annual inflation climbing above 4%, complicating the policy outlook.
O
Oneonomy Admin
US consumer prices rose more than 4% year-on-year in May — the first time inflation has breached that mark in three years.
What's happening
Elevated energy costs, tied to Middle East tensions, are a key driver.
Four-handle inflation changes the conversation in every boardroom.
The print sharpens the Fed's dilemma between growth and price stability.
Why it matters
Whether this is a peak or a trend will define the second half.
Tags
EconomyInflationCPI