#cpi Tech News.
3 stories in the last 7 days
The latest cpi news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks cpi across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
The all-items CPI jumped 4.25% year-over-year, the worst reading since April 2023, blowing past the 2-year Treasury yield of 4.14%. Supercore services, gasoline, and electricity drove the surge. The 10-year Treasury yield at 4.53% is now only 28 basis points above CPI inflation.
Micron stock fell 3.4% Wednesday as the S&P 500 dropped 0.8% and the Nasdaq declined 4.2%. The May CPI report showed 4.2% annual inflation, in line with forecasts, but markets reacted negatively. SpaceX's upcoming IPO, priced at $135 per share with a $1.77 trillion valuation, added uncertainty.
Year-over-year headline inflation hit 4.2% in May, the first time the CPI has topped 4% in three years. Core CPI rose 2.9% year over year. Energy prices drove the increase, rising 3.9% in May. Several consumer goods prices declined, offering some good news for new Fed Chair Kevin Warsh.
Summaries by ByteBrief