May prices rose 4.2 percent from a year earlier, almost entirely on fuel, leaving the Fed boxed in before next week's meeting.
Consumer prices rose 4.2 percent in May from a year earlier, the fastest pace since April 2023, and 0.5 percent on the month, the Labor Department said Wednesday.
Energy did most of the damage, up 23.5 percent over the year, with gasoline alone up 40.5 percent, both tied to the Iran war. The core reading, which strips out food and energy, was tamer at 2.9 percent.
That split leaves the Federal Reserve a hard call, and markets still expect it to hold rates when it meets on June 17.
Anthropic spent $1.97 million, surpassing Nvidia's lobbying total, while OpenAI spent $1.2 million, nearly matching Nvidia's expenditure
Anthropic recently accused Chinese technology company Alibaba of carrying out what it described as the largest known distillation attack against its models
The tariffs, which will take effect in 30 days, cover about $20 billion worth of Canadian goods, including electrical equipment and machinery
The requests are unlikely to advance in the Republican-controlled House.
Analysts are examining whether Moscow supplied targeting intelligence or advanced technology that improved the effectiveness of Iran's drone operations.
The order also authorizes the agencies, with the governor’s approval, to partner with federal prosecutors by sharing information, referring potential federal law violations, and coordinating efforts to combat birth tourism operations.
The report said storm surges of up to four feet were possible along the Louisiana coastline, increasing the risk of coastal flooding.
More than 7,400 additional suspected cases have been reported, bringing the total reported by state health departments to over 11,000. The outbreak has resulted in 308 hospitalizations, with no deaths reported.
