The May consumer price index was up 5% from 2020, ahead of a projected 4.7%.
The Federal Reserve has largely shrugged off the rising numbers as temporary due to the COVID-19 pandemic.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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Consumer Prices Rise at Fastest Clip Since 2008
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