US Inflation at 8.6% in May, Blows Past Estimates and Hits Highest Level Since 1981

May U.S. CPI rose 1% on a seasonally adjusted basis and 8.6% over the last 12 months, a sign that the Fed has a long way to go to tame inflation and bring it back to the 2% target. Via DailyFX - Market News https://ift.tt/gFfnhU7