Mmastodon BusinessEconomy first seen 12 h ago, last 11 min ago, peak #9

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 US inflation reached 4.2% in May, a three-year high and more than double the Federal Reserve's 2% target. Commenters attribute the elevated reading to policies of President Trump, coining the term 'Trumpflation' for inflation driven by his administration's actions. The figure is fueling debate over whether Fed policy will need to respond.

Why now: Inflation surpassing double the Fed's target is a major economic concern tied to current government policy.

Federal ReserveDonald TrumpUnited States

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Rank over time, top of the chart is #1. 9 snapshots from 11 h ago to 11 min ago.

Evidence

• "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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