May CPI Expected to Rise, Increasing Pressure on Federal Reserve
The Consumer Price Index (CPI) is expected to increase again in May, potentially topping 4% for the first time since 2023. This anticipated rise in inflation will put renewed pressure on the Federal Reserve regarding its monetary policy decisions.
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Inflation is set to top 4% for the first time since 2023 — and the Fed is back in the hot seat
The rate of U.S. inflation is primed to top 4% for the first time in three years — and the negative repercussions are likely to be felt for the rest of the year.
By Jeffry Bartash
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