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U.S. Inflation Reaches Three-Year High in May Amid Iran Deal Optimism

Commodities Indices Forex

2026-06-15 21:51:23

According to Jin10, U.S. inflation accelerated to its fastest pace in over three years in May, though economists believe the trend has likely peaked. Following news of a temporary Iran-U.S. agreement, oil prices fell and equity markets rallied. "The overall trend is downward," said Andrew Hollenhorst, chief U.S. economist at Citi. Santander's chief U.S. economist Stephen Stanley added: "Markets have concluded the deal is done and we will essentially return to pre-conflict conditions."

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