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Business

Markets, economy, labor, housing, trade

PBS NewsHour

Inflation reaches three-year high due to increasing gas prices

Inflation in the United States rose to a three-year high in May 2026, largely attributed to increasing gas prices. This situation presents challenges for the Federal Reserve and could influence the upcoming midterm elections.

Bias: 39 Sentiment: -0.10
apnews.com

Inflation Reaches Three-Year High Due to Rising Gas Prices

Inflation in the U.S. hit a three-year high of 4.2% in May, largely due to rising gas prices. Core prices increased at a slower rate, and while gas prices have recently fallen, the Federal Reserve is reconsidering its interest rate strategy in response to these economic conditions.

Bias: 45 Sentiment: -0.10
cnbc.com

Consumer Prices Increased 4.2% Annually in May, Highest Rate in Three Years

In May, the U.S. consumer price index rose 4.2% annually, the highest rate in three years, driven by increased energy costs. The core CPI, excluding food and energy, increased by 2.9% year-over-year. The Federal Reserve is expected to hold interest rates steady in their upcoming meeting.

Bias: 45 Sentiment: -0.10
Daily Wire

Concerns Raised About MARTA Safety Ahead of FIFA World Cup 2026 in Atlanta

As the FIFA World Cup 2026 approaches, MARTA riders in Atlanta have voiced concerns about safety following recent violent incidents. Passengers report feeling unsafe due to crime and lack of security, while officials acknowledge significant fare evasion losses. Federal data indicates that MARTA's violent incidents are notably higher than the national average for public transit.

Bias: 33 Sentiment: -0.30
Washington Examiner

Ro Khanna Comments on Graham Platner's Senate Nomination in Maine

Ro Khanna commented on Graham Platner's victory in the Democratic primary for the Senate in Maine, indicating that voters are giving him a chance to redeem himself after past controversies. Platner will face Senator Susan Collins in the general election on November 3, amid scrutiny over allegations related to his past.

Bias: 33 Sentiment: +0.00
The Hill

Annual Inflation Rate Reaches 4.2 Percent in May

In May 2026, the annual inflation rate rose to 4.2 percent, the highest level in three years. The increase is linked to rising costs of energy and various goods, according to the Department of Labor.

Bias: 4 Sentiment: -0.10
Axios

Impact of Iran Conflict on Global Energy Markets

The conflict in Iran is affecting global energy markets, with a projected decline in oil consumption and an increase in coal usage in the Asia-Pacific region. The U.S. Energy Information Administration forecasts a drop in global oil use by 1.1 million barrels per day this year, while U.S. production is expected to rise. UN climate officials are advocating for more aggressive climate initiatives in response to the crisis.

Bias: 18 Sentiment: +0.00
Guardian — US

US Inflation Reaches 4.2% in May, Marking Third Consecutive Monthly Increase

In May 2026, US inflation increased to 4.2%, the highest rate in three years and the third consecutive monthly rise since the start of the Iran war. Inflation was 2.4% before the conflict began, with notable impacts on energy prices due to the closure of the Strait of Hormuz.

Bias: 36 Sentiment: -0.10
Washington Post — Business

Inflation Reaches 4 Percent in May, Highest in Three Years

Inflation rose to 4 percent in May, the highest level in three years, primarily due to increasing gas prices linked to the war in Iran. This marks a significant economic development as inflationary pressures continue to evolve.

Bias: 36 Sentiment: -0.10