Inflation Hits 3-Year High as Job Growth Stays Strong

Inflation reached its highest level in three years while the labor market remained surprisingly strong. Kathy Fettke breaks down the latest CPI and jobs data, what it could mean for Federal Reserve rate cuts, and why mortgage rates may stay elevated for real estate investors.

Source: https://finance.yahoo.com/economy/article/annual-cpi-inflation-surges-to-42-in-may-the-highest-level-since-2023-as-energy-prices-rise-182143107.html