American consumers are now facing 7% mortgage rates, 4.2% inflation, and a 30% loss in the purchasing power of the US Dollar since 2020.
Meanwhile, US CPI inflation continues to follow a similar trajectory as the late 1970s.
Will history repeat itself?
BREAKING: May CPI inflation rises to 4.2%, the highest level since April 2023.
Core CPI inflation also rises to 2.9%, the highest since September 2025.
Inflation in the US is officially back above 4% and more than double the Fed's target.
Odds of Fed rate hikes are rising.