Bankrate analyst Stephen Kates warns that surging energy prices and above-4% US inflation create major policy challenges for new Fed Chair Kevin Warsh and

Inflation rose 4.2 percent in May, the highest since 2023, keeping prices above the Fed’s target and increasing the odds of a rate hike later this year.

Bankrate analyst Stephen Kates warns that surging energy prices and above-4% US inflation create major policy challenges for new Fed Chair Kevin Warsh and

New Fed chair Kevin Warsh faces his first inflation test as May CPI hits 4.2%. Markets price 63% odds of a rate hike, with implications for Bitcoin and