It’s not just high gas prices – inflation is now spreading through the US economy

Despite Trump's pressure, high gas prices may keep Fed from cutting interest rates

Gas prices pushed inflation to its highest level in almost three years. That's likely to make the Federal Reserve cautious about cutting interest rates, regardless of pressure from President Trump.

Inflation Is Spreading Throughout the US Economy

Fresh price data shows United States inflation is expanding beyond energy into housing, utilities, and recreation. This trend presents a severe challenge for newly sworn Fed Chair Kevin Warsh. Higher oil prices reduce consumer spending power and simultaneously accelerate underlying costs. Consequently, the central bank faces a divided economy where artificial intelligence investments support market optimism but everyday citizens encounter persis…

High gas prices are just the start of America’s inflation problem

Fresh inflation data now suggests the challenge may be deeper and longer lasting than many expected

Key Inflation Gauge Rises As Consumers Feel More Pressure

(Wall Street, New York) –  A closely watched inflation measure accelerated in April, adding fresh pressure on households already dealing with higher prices and tighter budgets. The report showed that inflation remains a stubborn challenge even as parts of the economy continue to grow, keeping the cost of everyday goods and services at the center of the national economic conversation. The Commerce Department also reported that the economy grew at…

It’s not just high gas prices – inflation is now spreading through the US economy

As the cost of gas stays high due to Middle East tensions, it's spilling over into U.S. consumer spending more broadly and creating a conundrum for the Federal Reserve. AP Photo/David ZalubowskiAmericans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why pol…

It’s Not Just High Gas Prices — Inflation Is Now Spreading Through the U.S. Economy

Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these pressures could spread into the broader economy. The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the…