Data: Bureau of Labor Statistics; Chart: Neil Irwin/Axios America's inflation problem is getting worse, not better, as 2026 progresses. New wholesale price data — on the heels of Tuesday's consumer price report — confirm it. Why it matters: The evidence of continued price pressures stretches far beyond the energy price spike that occurred following the Iran war, and suggests ongoing pressures across a range of goods and services. - It is getting harder and harder to chalk up the inflationary impulse evident in a wide range of data solely to the one-time effects of tariffs and the blockade of the Strait of Hormuz. - That makes the chance of a Federal Reserve interest rate cut at any point this year increasingly remote, barring a…
Representative Kevin Kiley, independent of California, became the 218th signature on a petition to force action on an aid bill to Ukraine. The vote could come as soon as the end of May.
Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
The aging statesman braved rough seas and arduous carriage rides to reach Paris, where he persuaded the French to back the American rebels. We followed in his footsteps.