CPI inflation for May hits 5%

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The numbers are in, and they’re even more shocking than anyone on Wall Street expected, as the US CPI inflation metric for May hit an unbelievable 5%!!

Which you would think would be a cause for concern given the Fed’s 2% inflation mandate.

But in case you were still clinging to the belief that there was anything that would ever get the Fed to admit the damage of what they’ve done to the country and the world, today’s latest print and commentary removes all doubt.