Mmastodon BusinessEconomy first seen 9 h ago, last 1 h ago, peak #10

US inflation hits three-year high of 4.2% in May

Original: "In May, trailing 12-month (TTM) inflation reached a three-year high of 4.2%, more than double the Federal Reserve's lon

Trailing 12-month inflation in the United States reached 4.2% in May, the highest level in three years and more than double the Federal Reserve's 2% long-term target. Commenters are attributing the surge to policies associated with President Trump, with some using the term 'Trumpflation' to describe price increases they say his administration has driven.

Why now: Inflation climbing to a three-year high just above 4% raises concerns about Fed policy and the economic impact of the Trump administration.

Federal ReserveDonald TrumpUnited States

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• "In May, trailing 12-month (TTM) inflation reached a three-year high of 4.2%, more than double the Federal Reserve's long-term inflation target of 2%. The catalyst fueling well-above-average inflation is none other than # Trumpflation (inflation specifically driven by President… · obtener@mastodon.world · 3

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