Inflation Accelerates: Fed Faces Credibility Test | Metals Mine

  • Inflation Accelerates: Fed Faces Credibility Test

    From srikonomics.substack.com

    The latest inflation figures released Thursday confirm what many investors and consumers have increasingly suspected: Inflation in the United States is no longer easing. Instead, it is accelerating. The Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) price index — showed that prices in April rose 3.8% from a year earlier, the fastest pace since May 2023. The “core” PCE measure, which excludes food and energy, rose 3.3%, the highest reading since late 2023. These numbers follow the surprisingly strong consumer and wholesale inflation reports released earlier this ... (full story)

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Schultz
May 31, 2026 7:35am
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Well this is going to be tremendous fun. Cleopatra's salad days have found the USA.

We are going to get the rates down.” The President continued, “Rates are coming down with the energy. You watch what's going to happen. I had a rotten head of the Fed, and now I have a great head of the Fed today, Kevin Warsh."
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