Rising oil prices push inflation to highest level since April 2023
U.S. inflation rose 4.2% in May, the highest since April 2023, driven by surging energy costs, erasing hopes for Fed rate cuts and raising hike concerns.
U.S. inflation rose 4.2% in May, the highest since April 2023, driven by surging energy costs, erasing hopes for Fed rate cuts and raising hike concerns.