The Federal Reserve's preferred inflation gauge reached a three-year high in May, driven by increased gas prices and demand for AI-related components. Apple also announced price hikes for its devices.
Posts tagged as “inflation”
U.S. equity futures declined early Monday as investors assessed progress in Iran negotiations and awaited key inflation data. Oil prices also reacted to the news.
U.S. consumer prices rose 4.2% annually in May, prompting President Trump to express "love" for the inflation figure while predicting a price drop post-Iran conflict. Oil futures climbed as tensions in the Strait of Hormuz escalated.
U.S. stock futures declined early Wednesday following U.S. "self-defense strikes" against Iran, in retaliation for a downed helicopter. Asian markets also opened lower.