CPI Soars 4.2% as Trump 'Loves Inflation'—Oil Claims Rattle Bonds, Fed Outlook
May CPI surged 4.2% year-over-year, prompting President Trump to declare he 'loves the inflation' and link it to a secret oil shipment operation. The remarks introduce fresh uncertainty over Fed policy independence, energy supply dynamics, and consumer demand trajectories as bond yields rose and Democrats attacked the administration.
Source: latimes.com · bostonherald.com