US inflation tops 4% for first time in three years, boosts Fed hike bets
- Posted on June 25, 2026
- By Business News Today
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- 1 min read
US inflation tops 4% for first time in three years, boosts Fed hike bets
US inflation surged past 4.0% in May, driven by Middle East conflict-fueled energy prices, marking the highest increase in three years. This development pushes the Federal Reserve closer to potential interest rate hikes this year. Despite consumers facing higher costs, spending has remained robust, buoyed by tax refunds and a stock market rally.
