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U.S. President Says “I Like Inflation”
Hacker News (AI keywords)9 hours agoBusinessThe report centers on Trump saying he was not worried about the latest inflation figures and using the phrase “I love the inflation.” U.S. CPI reportedly rose to about 4.2% year over year in May, with energy and oil costs playing a major role. This is not an AI story, but it matters as macro context for rates, markets, business costs, and consumer sentiment.
US Consumer Price Index Up 4.2%
Hacker News (AI keywords)16 hours agoBusinessThe US Bureau of Labor Statistics released its latest CPI report showing a 4.2% year-over-year increase. The data may influence Federal Reserve interest rate decisions and broader business conditions. For the AI sector, sustained inflation could raise cloud compute costs, tighten startup funding, and increase pressure on engineering salaries.