Inflation hits highest level since 2023 as Fed faces pressure to act
Dagen McDowell leads the panel in analyzing current market pressures, including May's 4.2% inflation rate, the highest in three years, and its potential impact on Federal Reserve interest rate decisions. Discussion extends to rising oil prices driven by escalating U.S.-Iran tensions and President Donald Trump's strong stance on retaliatory strikes. Panelists also debate the sustainability of tech stock valuations and AI spending amidst global economic uncertainty.
