🚨ALERT: The Dollar Is RAPIDLY Losing Value

KEY POINTS

• Headline consumer prices rose 5% year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations.

• The 3.8% rise in the core inflation rate, which excludes food and energy prices, was the sharpest increase in nearly three decades.

• Surging used car car prices helped drive much of the inflation gains.

• Initial jobless claims totaled 376,000, a touch higher than the estimate.