Inflation outlook
Forecasters see inflation surge worsening in coming months
The Philadelphia Fed’s Survey of Professional Forecasters sharply raised inflation estimates after April price data showed consumer and wholesale prices at multiyear highs
Consumer prices news
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- Inflation pressure US inflation hits 3.8% as Iran war drives energy costs Gasoline and groceries pushed April prices higher, putting renewed pressure on consumers, the Federal Reserve and President Donald Trump’s party before the midterms
- Inflation and growth Core inflation rose to 3.2% in March as GDP missed forecasts The Fed’s preferred inflation gauge accelerated while first-quarter growth came in at 2%, complicating the central bank’s next move after it held rates steady