Article
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
Americans' Real Wages Are Shrinking As CPI Tops 4% For First Time In 3 Years
With expectations of a 4%-plus print, all eyes are on this morning's CPI report as we move past April's shutdown-related distortions.
Headline CPI rose 0.5% MoM (as expected) in May, lifting prices 4.2% YoY (also as expected). The first 4%-plus print since April 2023...
Core Goods prices deflated in May while Energy remains a notable contributor...
CPI details:
Headline: The all items index rose 4.2 percent for the 12 months ending May, after rising 3.8 percent for the 12 months...
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Apr 16, 2026 / Tyler Durden
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By Michael Every of Rabobank
At this point it isn’t a random walk but a determined march: markets have decided the Iran war and the Hormuz blockades are over, and everything is going to be better than normal imminently: the Nasdaq and S&P are at all-time highs and even worries over private credit are receding. In the real world, there are signs that back that stance and ones that say otherwise.
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Key Events This Week: CPI, PPI, Retail Sales, Trump-Xi Summit
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As DB's Jim Reid tallies overnight, it has now been 73 days since the war in Iran began, with the past 32 marked by a stalemate characterized by a mix of truce and ongoing ceasefire. The absence of any meaningful kinetic activity for over a month suggests a firm US preference for reaching a deal. However, a counterpoint is that uncertainty over who holds negotiating authority in Iran may be complicating progress and delaying more difficult times ahead. It remains...
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Murray Rothbard
Murray Rothbard Articles on Mises.org




