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InflationInflation Jumps to 4.2% in May — the Fastest Annual Pace in Over Three YearsMortgage & Housing30-Year Mortgage Rate Edges Up to 6.52% as Homebuyers Return to the MarketEconomyConsumer Confidence Breaks a Four-Month Slide, Rises to 48.9 in JuneBankingFed Holds Rates for Third Straight Meeting, But Officials Float a Possible HikeTaxesSALT Deduction Cap Quadruples to $40,000 for the 2026 Tax YearInflationInflation Jumps to 4.2% in May — the Fastest Annual Pace in Over Three YearsMortgage & Housing30-Year Mortgage Rate Edges Up to 6.52% as Homebuyers Return to the MarketEconomyConsumer Confidence Breaks a Four-Month Slide, Rises to 48.9 in JuneBankingFed Holds Rates for Third Straight Meeting, But Officials Float a Possible HikeTaxesSALT Deduction Cap Quadruples to $40,000 for the 2026 Tax Year
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Today’s Lead Story
Sunday, June 14

Inflation

Inflation Jumps to 4.2% in May — the Fastest Annual Pace in Over Three Years

via Bureau of Labor Statistics

The Consumer Price Index rose 4.2% over the past year in May 2026, the sharpest annual increase since April 2023, as energy costs surged 23.5% amid global oil supply disruptions. Monthly prices climbed 0.5%, while food and shelter cost increases remained relatively modest.

Why it matters

Inflation running above 4% squeezes household purchasing power on gas, groceries, and utilities — and pushes a Federal Reserve rate cut further out of reach.

See all today’s storiesRead source

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