Inflation rose again in May as elevated energy prices squeeze consumers

The Bureau of Labor Statistics said May CPI inflation rose and remained persistently high, signaling that price pressures are still sticky. The report is mildly negative for risk assets because it reduces confidence that inflation is cooling quickly, though the article provides no specific percentage figures.

Analysis

The Bureau of Labor Statistics said May CPI inflation rose and remained persistently high, signaling that price pressures are still sticky. The report is mildly negative for risk assets because it reduces confidence that inflation is cooling quickly, though the article provides no specific percentage figures.