Mmastodon BusinessEconomy first seen 5 h ago, last 23 min ago, peak #10

US inflation hits three-year high of 4.2%

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 a three-year high of 4.2% in May, more than double the Federal Reserve's 2% long-term target. Commenters attribute the surge to policies associated with President Trump, coining the term 'Trumpflation' to describe inflation driven by his administration's actions. The figures are fueling debate over economic management and the Fed's response.

Why now: Fresh inflation data shows prices rising at more than double the Fed's target, drawing blame and debate over the administration's policies.

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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