This is the perfect example of how they steal from you, as they purposely devalue the money and your savings. And this number is a lie too, as actual inflation is much higher, and it is accumulative year by year. And the greedy fractional reserve bankers lend out 90% of your savings to make higher returns while giving you nothing, even lobbying against you having alternatives with better interest payments for fear you’ll leave their scam system, leaving your savings account losing money year after year. And this pushes you to chase higher and riskier returns in manipulated markets where you’re the mark so they can extract even more wealth from you. And that’s why the Bitcoin exit from the TradFi system is so valuable, even with them manipulating the price of Bitcoin, it increases substantially over the long term due to limited supply, and in the financial crash they’ll lose all control of price. Consequently, this is why the bankers and venture capitalists are working so many scam products to get their hands on people’s Bitcoin through Bitcoin backed loans, Bitcoin mortgage down payments, stock companies that buy Bitcoin and pay out dividends…
By Johnathan Wall
Kevin Warsh was brought in to cut rates. May’s inflation numbers are pointing the other way.
U.S. consumer prices climbed 4.2% year-over-year in May, the Labor Department reported Wednesday, the highest reading in three years and the third consecutive monthly acceleration. The figure came in line with economist forecasts, which, at this point, is itself a measure of how far the policy mood has shifted.
Warsh, installed by President Donald Trump to replace Jerome Powell, had championed rate cuts before taking the chair. Now more Fed policymakers expect the central bank’s next move will be a hike rather than a cut. Futures prices tracked by CME FedWatch show Wall Street has already priced in that increase by December. Two-year and 10-year Treasury yields have risen since a Friday jobs report showed hiring accelerated in May, a further sign that markets are repositioning for tighter policy.
At the start of the year, policymakers had signalled they were inclined to cut rates twice in 2026. That conversation has effectively reversed.
The engine behind the surge is energy. Iran’s closure of the Strait of Hormuz has cut off roughly one-fifth of global oil supply, and energy prices reflect it, up 23.5% year-over-year in May. Gas climbed from about $4.04 per gallon in mid-April to $4.49 by mid-May.
The fuel shock has spread well beyond the pump. Airline fares jumped 2.7% in May alone and sit nearly 27% above year-ago levels, squeezed by costlier jet fuel. Electricity prices are up 5.9% over the past year. UPS and FedEx have added fuel surcharges in recent months as pricier diesel lifted their operating costs, pushing shipping expenses higher across the supply chain.
Food is feeling it too. Grocery prices are up 2.9% from a year ago. Food overall rose 3.1% year-over-year in May.
Core prices, stripping out food and energy, rose 2.9% year-over-year in May, up slightly from 2.8% in April. The monthly core gain was just 0.2%, softer than April’s 0.4%, suggesting some demand-side pressure may be moderating even as headline inflation climbs.
Trump and White House officials are currently arguing that rates do not need to rise, a position that puts the administration at odds with where futures markets are pointing. With midterm elections approaching and household budgets strained, affordability has become a direct political liability for the administration.