Thursday, June 12, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World USA

Inflation rate edged higher by 2.4% in May, CPI report shows. Here’s what that means.

11 June 2025
in USA
0 0
Inflation rate edged higher by 2.4% in May, CPI report shows. Here’s what that means.
Share on FacebookShare on Twitter


Protecting Your Wallet Against Tariffs

In May, the Consumer Price Index (CPI) rose by 2.4% annually, reflecting potential impacts from President Trump’s tariffs on imported goods, which U.S. companies may pass on to consumers. Although inflation is lower than its peak of 9.1% in June 2022, it remains above the Federal Reserve’s target of 2%, leading to expectations that interest rates will remain unchanged at the upcoming June meeting. Economists predict that upcoming tariffs could further increase inflation, with Goldman Sachs forecasting a monthly core CPI inflation rate of around 0.35% in the near term.

Full Article

Tags: CPIedgedHeresHigherInflationmeansratereportShows
Previous Post

What happens when the EuroMillions reaches its £208,000,000 maximum jackpot?

Next Post

Pirate Site Visits Dip To 216 Billion a Year, But Manga Piracy Is Booming

Related Posts

House hearing erupts as Plaskett demands Bessent stop interrupting
USA

House hearing erupts as Plaskett demands Bessent stop interrupting

by My News Wave
12 June 2025
0

During a heated House Ways and Means Committee hearing, Del. Stacey Plaskett confronted Treasury Secretary Scott Bessent over a misleading chart regarding the cost of living, asserting her right to speak without interruption. Bessent countered by critiquing the chart and asserting the stock market's positive performance, while Plaskett later faced backlash for her remarks and responded to criticism with an explicit comment about her resilience. More Context

Read more
Lawmakers outraged over Padilla’s forcible removal from Noem press conference
USA

Lawmakers outraged over Padilla’s forcible removal from Noem press conference

by My News Wave
12 June 2025
0

Democratic Sen. Alex Padilla was forcibly removed and handcuffed during a press conference by Homeland Security Secretary Kristi Noem in Los Angeles after attempting to ask her a question. The incident drew widespread condemnation from lawmakers across the political spectrum, with calls for an investigation into law enforcement's actions and for Noem to resign, as many viewed the treatment of Padilla as an abuse of power and a threat to democratic principles. More Context

Read more
Justice Department tells prosecutors to prioritize cases stemming from immigration unrest
USA

Justice Department tells prosecutors to prioritize cases stemming from immigration unrest

by My News Wave
12 June 2025
0

The Justice Department has directed its 93 federal prosecutors' offices to enhance preparations for criminal cases related to unrest over immigration enforcement, citing incidents of violence and obstruction. Federal prosecutors are instructed to prioritize legal actions against individuals involved in such activities, including a union leader and a New Jersey lawmaker facing charges for interfering with immigration operations. More Context

Read more
Man convicted of posing as flight attendant to score over 120 free flights
USA

Man convicted of posing as flight attendant to score over 120 free flights

by My News Wave
12 June 2025
0

A man named Tiron Alexander, 35, was convicted of wire fraud and entering secure airport areas under false pretenses after scamming over 120 free flights by posing as a flight attendant for multiple airlines from 2018 to 2024. He faces a maximum of 30 years in prison, with sentencing scheduled for August 25. More Context

Read more
Hearing on California’s challenge to Trump’s deployment of troops to LA set for Thursday
USA

Hearing on California’s challenge to Trump’s deployment of troops to LA set for Thursday

by My News Wave
12 June 2025
0

A federal hearing is set for Thursday regarding the Trump administration's deployment of National Guardsmen and Marines to Los Angeles to enforce immigration laws, which California officials argue is unnecessary and unlawful. Governor Newsom and Attorney General Bonta seek to limit military presence to protecting federal properties, claiming civil unrest can be managed by local authorities, while Trump defends the deployment as essential for safety amid escalating protests. More Context

Read more
Harvey Weinstein retrial ends with mistrial on rape charge
USA

Harvey Weinstein retrial ends with mistrial on rape charge

by My News Wave
12 June 2025
0

The Harvey Weinstein retrial in New York ended in a mistrial on the remaining charge of third-degree rape after a juror reported feeling threatened by another juror, which affected deliberations. Despite a partial verdict convicting Weinstein of criminal sexual assault against Miriam Haley, the jury was unable to reach a consensus on the charge involving Jessica Mann, leading to a potential new trial. More Context

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • New York Rangers trade Chris Kreider to Anaheim Ducks: Here are the details
  • House hearing erupts as Plaskett demands Bessent stop interrupting
  • Two killers chased stranger into Tube station and stabbed him with zombie knife
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In