Inflation remains stubbornly high. While gas prices were low for a bit, prompting the latest CPI report to show a slight cooling in inflation, if you've been to the gas pumps recently, you know prices have shot back up.
With the war in Iran ongoing, expect gas prices to remain higher, which can increase the cost of everyday goods. David Payne of the Kiplinger Letter forecasts that without a resolution to the war, inflation will be around 4.00% by the end of the year.