Inflation moved higher again in May, and the latest Consumer Price Index (CPI) report shows prices are drifting further away from the Federal Reserve's 2% target.
In this episode of Markets with Megan, CIO Megan Horneman discusses the latest inflation data, including rising energy costs, sticky services inflation, higher food and travel prices, and why real wages have slipped back into negative territory. Megan also explains what this means for the Federal Reserve as a new Fed Chair prepares to take office next week.
📈 Topics covered:
• May CPI report breakdown
• Energy prices and inflation
• Services inflation remains sticky
• Food, travel, and apparel costs
• Real wages vs. inflation
• What this means for the Federal Reserve
• Key economic reports still ahead this week
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For a history, check out https://MarketsWithMegan.FM
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