Inflation Cooldown Amid Oil Surge | Annapolis News

Inflation just took a surprising dip—prices fell 0.4% last month, the biggest drop in four years, bringing yearly inflation to 3.5%. Key items like gas, clothes, and used cars got cheaper, fueling hope for relief. But oil prices jumped again amid U.S. strikes on Iran and Trump’s new “Iranian Blockade” in the Strait of Hormuz, which will now charge fees for ships using the route. Despite the oil spike, core inflation (excluding food and energy) held steady at 2.6%—still above the Fed’s 2% target but showing signs of cooling. This easing pressure may delay the Fed’s next rate hike, especially as Chair Kevin Warsh prepares to testify before Congress, pledging zero tolerance for high inflation and signaling confidence in the economy’s trajectory. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cf2898ac00428c72