Episode

Inflation's heading in the wrong direction

Podcast: Marketplace Morning Report
Published: May 28, 2026
Duration seconds: 394
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Canonical source: https://www.marketplace.org/episode/2026/05/28/inflations-heading-in-the-wrong-direction
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Summary

Inflation's heating up and is well above the Federal Reserve's goal. The central bank's preferred reading on inflation came out this morning for April. Prices are up 3.8% from a year ago; it was 3.5% in March. What does that mean for the future of interest rates and the inflation consumers expect going forward? Then, we'll discuss how the war in Iran has added new pressure to an already strained farm economy.