Trump Concedes Iran Deal Failure as U.S. Inflation Hits 4.2%
Updated
Updated · Daily Kos · Jun 10
Trump Concedes Iran Deal Failure as U.S. Inflation Hits 4.2%
3 articles · Updated · Daily Kos · Jun 10
Summary
May inflation rose to 4.2%, up from 3.8% in April and the highest since 2023, as higher energy costs pushed prices up.
AAA put average U.S. gasoline at $4.15 a gallon, with some areas at $5.83, after fighting with Iran disrupted fuel flows through the Strait of Hormuz.
Trump undercut his own diplomacy claims by saying Iran had taken too long to negotiate and would “pay the price,” despite telling reporters a day earlier the sides were very close to a deal.
CNN counted at least 38 Trump promises of an imminent Iran agreement since late March, yet hostilities have continued despite administration claims of a ceasefire.
New York Fed survey data released Monday showed the share of Americans saying their finances were worse than a year ago hit its highest level since January 2023.