Economic News

Consumer prices rose 4.2% annually in May, highest in three years

The consumer price index was expected to show a 4.2% gain from a year ago, according to the Dow Jones consensus estimate.

Energy prices take center stage as the ECB prepares to decide on rates

The ECB is expected to raise rates by 25 basis points as higher energy prices drive inflation and raise concerns about broader price pressures.

The May inflation numbers are due out Wednesday morning. Here's what to expect

If the Wall Street consensus is correct, the consumer price index is expected to show inflation running at a 4.2% annual rate.

Household worries over finances hit highest level since July 2022, New York Fed survey shows

While the central bank's monthly survey showed the inflation outlook mostly unchanged, the general perception of conditions deteriorated.