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Benzinga

Business

Wayne Duggan

'Stunningly High': Experts React To 8.6% CPI Inflation, Highest In 40 Years

Inflation Labor Department Bill Adams Nancy Davis US Federal Reserve United States ETF

The SPDR S&P 500 ETF Trust SPY (NYSE:SPY) traded lower by 2% on Friday morning after the Labor Department reported an 8.6% increase in the consumer price index in the month, the highest inflation reading in any month since 1981.

What Happened: The headline CPI rose 8.6% in May, up from 8.3% in April and exceeding the previous 2022 high of 8.5% in March. The May CPI reading came in well above economist estimates of 8.3%.

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U.S. Measles Cases Reach 4,410 After 330 New Infections in One Week, Highest Yearly Total Since 1991

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Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

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France is witnessing explosive protests over soaring living expenses and inadequate public services, sparking clashes with police forces. This unrest has spilled over into neighboring Belgium and Italy, marking a significant uptick in regional tensions. With more than 500 police officers reported injured and severe property destruction across various cities,…

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One subscription that gives you access to news from hundreds of sites

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U.S. Measles Cases Reach 4,410 After 330 New Infections in One Week, Highest Yearly Total Since 1991

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