Consumer inflation in the United States reached 4.2% year-over-year in May, according to new Bureau of Labor Statistics data, marking the highest rate in three years. The increase is driven largely by higher energy and food prices, with energy-related costs feeding through to transportation and broader consumer goods. Core services...
Frankfort, Kentucky — Gov. Andy Beshear on Tuesday extended a May 5 executive order that reduced the gasoline tax by 10 cents for 33 cities and counties whose local officials requested an extension. The original order was issued with a 30-day period that would have ended on June 10; under...
United States: Retail gasoline prices fell across multiple states this week, with GasBuddy reporting week-over-week declines in South Carolina, Ohio and Michigan as of Monday and Sunday station surveys. State averages varied widely, with some stations reporting prices under $3.60 while others exceeded $4.40, and the U.S. average also declined...
A Cleveland Federal Reserve official, Beth Hammack, a voting member of the Federal Open Market Committee, signaled that a monetary policy shift toward tighter conditions may soon be warranted following a strong U.S. jobs report released Friday. The May report showed the economy added 172,000 jobs, prompting traders to fully...
U.S. stock markets fell sharply after a stronger-than-expected May 2026 employment report heightened expectations of further Federal Reserve interest rate hikes. The Nasdaq Composite dropped 1,121.53 points, or 4.18 percent, to 25,709.43, its largest single-day point loss on record and steepest percentage decline since April 10, 2025. For the week,...
Global oil prices spiked on Wednesday, June 3, 2026, after U.S. forces conducted targeted airstrikes on military positions on Iran’s Qeshm Island in the Strait of Hormuz. Brent crude futures climbed toward $97–$98 per barrel, extending a third straight session of sharp gains. The Pentagon said the operation was a...
Global oil benchmarks Brent and West Texas Intermediate rose about 3% in early trading on Monday, June 1, 2026, after new U.S. military strikes on Iranian targets heightened tensions in the Gulf region. The escalation has increased uncertainty around fragile negotiations over extending a ceasefire intended to secure shipping through...
United States — Gas prices fell across all 50 states last week, with the national average declining about 19.5 cents to $4.26 per gallon, GasBuddy reported. Minnesota's average dropped 18.5 cents to $4.12 per gallon, and 15 states saw their average price fall below $4.00 a gallon. The national average...
U.S. inflation accelerated in April, with a key Federal Reserve gauge rising to 3.8%, the highest level since May 2023, the Commerce Department reported on May 28. The annual rate, up from 3.5% in March, and a 0.4% monthly increase underscore broad-based price pressures in groceries, clothing, electricity, and gasoline....
The United States carried out fresh strikes in southern Iran on Tuesday, targeting missile launch sites and vessels suspected of laying sea mines, according to US Central Command, which said the actions aimed to protect American forces. Iran’s Islamic Revolutionary Guard Corps accused Washington of violating an ongoing ceasefire and...
