New inflation data just dropped and it shows prices still climbing hard not cooling like officials hoped. We may see rate hikes this year.

PCE inflation rose to 4.1 percent annual rate in May.
This up from 3.8 percent in April.
Core PCE without food and energy also higher at around 3.4 percent.
Energy prices main driver from ongoing Middle East issues.
Real wages feel squeeze as prices outrun paychecks for many.
Video from Rebel Capitalist points out this not what soft landing crowd expected.

U.S. INFLATION HITS 3-YEAR HIGH

U.S. inflation climbed to 4.1% in May, its highest level in more than three years, while consumer spending rose 0.3%, showing resilient demand. First-quarter GDP was also revised higher to 2.1%. The stronger data is likely to reinforce…

— *Walter Bloomberg (@DeItaone) June 25, 2026

yes, we may see rate hikes this year.

— Jon Brooks (@jonbrooks) June 25, 2026

New data reveals prices have shot up 4.1% from May 2025.

This is the fastest annual inflation rate in over 3 years. pic.twitter.com/nK14bhs7s5

— Headquarters (@HQNewsNow) June 25, 2026

Life is hard right now man:

Work is a struggle.

Inflation makes everything unpredictable:

Cost of living
Food
Housing

Possible retirement?

It’s gotten to the point where there are no guarantees to anything that we used to count on.

— QE Infinity (@StealthQE4) June 25, 2026

The Fed’s balance sheet rose +$11 billion in the week ending June 17th, to $6.74 trillion. Total assets have risen +$162.8 billion since the start of the year.
byu/RobertBartus inEconomyCharts