Why May Inflation Hit a Three-Year High of 4.2%

Consumer prices rose 4.2% annually in May 2026, the highest print in three years. Lucas and Luna drill into the May CPI report released this morning, breaking down the key drivers—shelter, energy, and a surprising uptick in core services—and what this means for the Fed's next move. With the FOMC meeting next week and the ECB decision tomorrow, they discuss whether the inflation surprise changes the rate path, and why markets are now pricing in a possible hike. Plus, a look at the New York Fed's latest survey showing household financial worries at a two-year high, and what that tension between macro data and consumer sentiment means for the economy ahead. #Inflation #CPI #MayCPI #FedPolicy #InterestRates #CoreInflation #ShelterCosts #EnergyPrices #ConsumerSentiment #NewYorkFed #FOMC #ECB #EconomicOutlook #June2026 #MarketVolatility #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo