Inflation jumps again. Here’s where you might be feeling it most.
6/11/202616 min
Inflation has risen to its highest level in three years as the war in Iran disrupts oil supplies and tariffs drive up prices across the board. Barron’s senior economics writer Megan Leonhardt explains what consumers are feeling right now.
President Trump signed the Secure America Act, directing roughly $70 billion to ICE and Border Patrol through fiscal year 2029. The Washington Post’s Jarrell Dillard explains why funding ICE for that long was an unusual step.
The largest World Cup in history kicks off today across the U.S., Mexico, and Canada. Rebecca Lowe, cohost of the...
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First 90 secondsGideon Resnick· Host0:00
[upbeat music] Good morning. Consumers are feeling the pinch as inflation ticks up. Barron's explains what could come next.
Megan Leonhardt· Guest0:11
What we're looking at right now, I think, is this idea of whether or not this is gonna be a short-term pain, or if we're gonna see a lot of this oil shock start to bleed into the real economy.
Gideon Resnick· Host0:24
President Trump signs a bill paying for much of his immigration agenda through the rest of his term. And After the Whistle host Rebecca Lowe explains how this World Cup could push soccer even further into the mainstream of American culture.
Speaker 3· Soundbite0:36
This country is starting to realize why the rest of the world loves this sport.
Gideon Resnick· Host0:41
It's Thursday, June 11th. I'm Gideon Resnick, in for Shamita Basu. This is Apple News Today. [upbeat music] Inflation increased at its fastest pace in three years in May, according to figures that were released yesterday. The war in Iran has disrupted oil flows in the Strait of Hormuz and driven fuel costs significantly higher. Tariffs and drought conditions combined with that have made grocery shopping pricier, and Americans have been increasingly dipping into savings accounts and falling behind on credit card bills.
Megan Leonhardt· Guest1:12
So this is kind of scary, I think, for a lot of people when they start to look at this.
Gideon Resnick· Host1:16
Meghan Leonhart is a senior economics writer at Barron's.
Megan Leonhardt· Guest1:19
There are some pain points here, and a lot of it is stemming from the oil shock that we are currently experiencing.
Gideon Resnick· Host1:25
Prices have also risen faster than wages for months, which is making Americans