Trump Warns Iran Will ‘Pay the Price’ as Gas Prices Jump 40% and Inflation Hits 3-Year High – Bitcoin News
Key Takeaways May 2026 CPI reached 4.2% YoY, the highest reading since April 2023, driven by a 40.5% gasoline spike. Trump’s Iran escalation on June 10 adds fresh geopolitical risk, keeping oil and energy costs elevated into the FOMC. The Fed meets June 16-17 with rate cuts increasingly unlikely as core CPI holds at 2.9%…
