AIThe Motley Foolabout 5 hours ago
Trump Links Inflation to Iran, Wall Street Cites Concerns
1 min read
The May inflation report showed a sharp rise in consumer prices. The Bureau of Labor Statistics found a 0.3% increase in core inflation, above the 2% Fed target. President Trump blamed Iran's blockade of the Strait of Hormuz for rising costs. Wall Street analysts noted the surge undermines stock valuations.
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