A roundup of news including Graham Platner winning Maine Senate primary, Spencer Pratt's LA mayoral campaign, NBA Finals update, Marguerite Casey Foundation funding increase, live frog in salad, Nipper statue uncertainty, Repair Cafes movement, wild horse migration in Germany, travel safety in extreme heat, FDA sunscreen approval, brain health tips, earplugs at concerts, smartphone drying tips, older exercise instructors, Pope's speech in Spain, and a 7.8 earthquake in Philippines.
The Afternoon WirePrimaries live updates: Graham Platner clinches Democratic nomination for U.S. Senate in MaineLIVE The rise and fall of 'The Hills' star Spencer Pratt's improbable campaign for Los Angeles mayorSpurs' Victor Wembanyama shakes off Game 2 miss by taking over Game 3 of the NBA FinalsMarguerite Casey Foundation plans to give at least $50M annually, a rare increase at a time of needLettuce introduce you to the live frog found in this grocery store salad bagNipper, stay!
The future of a beloved dog statue on a New York warehouse is up in the airBroken speaker? Finicky zipper? Anticonsumerist Repair Cafes urge you to fix it instead of pitch itA photo captures a wall of wild horses surging through western GermanyHow to stay safe while traveling during extreme heatFDA OKs first new sunscreen ingredient in more than 25 yearsChallenging your brain helps keep it healthy.
Here's how to do itAccessorize with earplugs at this summer's concerts so you can enjoy more music in the futureOne Tech Tip: Don't use rice for your device.
Here's how to dry out your smartphonePlaying hip-hop or Doris Day, older exercise instructors can speak their peers' languagePope's historic speech to Spain's parliament demands respect for migrants and gets 7-minute ovationUn terremoto de magnitud 7,8 en Filipinas mata a 35 personas, derrumba edificios y provoca tsunamiThe Afternoon WirePrimaries live updates: Graham Platner clinches Democratic nomination for U.S. Senate in MaineLIVE The rise and fall of 'The Hills' star Spencer Pratt's improbable campaign for Los Angeles mayorSpurs' Victor Wembanyama shakes off Game 2 miss by taking over Game 3 of the NBA FinalsMarguerite Casey Foundation plans to give at least $50M annually, a rare increase at a time of needLettuce introduce you to the live frog found in this grocery store salad bagNipper, stay!
The future of a beloved dog statue on a New York warehouse is up in the airBroken speaker? Finicky zipper? Anticonsumerist Repair Cafes urge you to fix it instead of pitch itA photo captures a wall of wild horses surging through western GermanyHow to stay safe while traveling during extreme heatFDA OKs first new sunscreen ingredient in more than 25 yearsChallenging your brain helps keep it healthy.
Here's how to do itAccessorize with earplugs at this summer's concerts so you can enjoy more music in the futureOne Tech Tip: Don't use rice for your device. Here's how to dry out your smartphonePlaying hip-hop or Doris Day, older exercise instructors can speak their peers' languagePope's historic speech to Spain's parliament demands respect for migrants and gets 7-minute ovationUn terremoto de magnitud 7,8 en Filipinas mata a 35 personas, derrumba edificios y provoca tsunamiAs the daytime high temperature soars into the 80s, a United States Postal Service postman keeps cool by standing in the shade of a gasoline station sign posting the per-gallon prices for the various grades of fuel available Thursday, June 4, 2026, in central Denver.
A pump fills up the tank of a vehicle at an Exxon gasoline station in Litttleton, Colo. , Tuesday, May 12, 2026. Tomatoes await customers on the shelves of a supermarket in New York on Tuesday, May 26, 2026.
A sticker with the image of President Donald J. Trump points to the electronically-displayed per-gallon prices for the various grades of gasoline available from a pump at a Conoco station Saturday, May 30, 2026, in Denver. As the daytime high temperature soars into the 80s, a United States Postal Service postman keeps cool by standing in the shade of a gasoline station sign posting the per-gallon prices for the various grades of fuel available Thursday, June 4, 2026, in central Denver.
As the daytime high temperature soars into the 80s, a United States Postal Service postman keeps cool by standing in the shade of a gasoline station sign posting the per-gallon prices for the various grades of fuel available Thursday, June 4, 2026, in central Denver. A pump fills up the tank of a vehicle at an Exxon gasoline station in Litttleton, Colo. , Tuesday, May 12, 2026.
A pump fills up the tank of a vehicle at an Exxon gasoline station in Litttleton, Colo. , Tuesday, May 12, 2026. Tomatoes await customers on the shelves of a supermarket in New York on Tuesday, May 26, 2026. Tomatoes await customers on the shelves of a supermarket in New York on Tuesday, May 26, 2026.
A sticker with the image of President Donald J. Trump points to the electronically-displayed per-gallon prices for the various grades of gasoline available from a pump at a Conoco station Saturday, May 30, 2026, in Denver. A sticker with the image of President Donald J. Trump points to the electronically-displayed per-gallon prices for the various grades of gasoline available from a pump at a Conoco station Saturday, May 30, 2026, in Denver.
WASHINGTON — Consumer prices probably jumped in May for the third straight month, heightening concerns for the inflation fighters at the Federal Reserve and underscoring the threat that rising costs pose for the Trump administration as midterm Inflation is expected to reach 4.2% in May from a year earlier when the Labor Department reports last month’s figures Wednesday, according to a survey of economists by data provider FactSet The annual increase would be up from the. On a monthly basis, prices are forecast to have risen a hefty 0.5%, slightly below the 0.6% increase in April.had been cooling before President Donald Trump imposed sweeping tariffs in April 2025, which lifted the costs of many goods.
Prices have since surged after the Iran war made oil and gas more expensive, making affordability a key political issue. The main question now is whether inflation will fade if the war ends and oil and gas prices fall, or will it persist even after the war. Some economists worry that prices are still elevated in areas that should be unaffected by gas costs, such as dental care, motor vehicle repair, and other services.
At the same time, wages are rising only modestly, which should reduce pressure on firms to raise prices further.and energy categories. Core inflation is forecast to have risen 0.3% in May from April, according to FactSet, a pace that is consistent with annual readings far higher than the Fed’s 2% target. On an annual basis, core inflation may tick higher to 2.9% from 2.8%.
Gas prices have fallen this month, but they rose in May because of Iran’s closure of the Strait of Hormuz, which has choked off about a fifth of the world’s oil supply. Prices at the pump rose, on average, from about $4.04 in mid-April to $4.49 in mid-May, according to the Energy Information Administration. They have since fallen back to $4.16 on average nationwide, according to AAA, which could lead to a cooler inflation reading in June.
More expensive diesel fuel has lifted shipping costs, with companies like UPS and FedEx adding fuel surcharges in the past couple of months. That is likely to push up grocery prices, which jumped 0.7% in April and are 2.9% higher than a year ago. Stubbornly high inflation has shifted the debate among Fed policymakers, who had signaled at the start of the year that they were inclined to cut their key rate twice more this year.
Now, more officials are saying they expect the Fed’s next move will likely be a hike rather than a cut. When the Fed boosts its key rate, it typically over time leads to higher borrowing costs for mortgages, auto loans, and business loans. , and the economy is still growing. These positive signs suggest the Fed doesn’t need to cut rates to stimulate growth and hiring.
They also signal that the Fed’s rate isn’t so high that it is weighing on the economy. Yet some officials want rates to cool growth a bit, because that can bring down inflation. Interest rates on two-year and 10-year Treasury securities have increased since Friday’s jobs report showed hiring accelerated in May, a sign investors expect inflation may remain elevated and eventually require Fed rate hikes. , in a difficult spot.
He advocated for rate cuts last year and was chosen by Trump to replace Jerome Powell, after Trump relentlessly criticized Powell for not reducing rates more quickly. Yet for now, Trump and White House officials are mainly arguing that interest rates don’t need to increase, rather than demanding further cuts. Some economists still see tariffs pushing up some costs, particularly clothing, which jumped 0.6% in April and are 4.2% more expensive than a year ago.
Pricier fuel may have also led to higher airline fares last month, which would lift core inflation. Rugaber has covered the Federal Reserve and the U.S. economy for the AP for 16 years. He is a two-time finalist for the Gerald Loeb award for business reporting.
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