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Inflation has hit a 3-year high. What it means and what the Fed might do

NPR | By Steve Inskeep
Published June 11, 2026 at 4:47 AM EDT

The U.S. annual inflation rate jumped to 4.2% in May, a three-year high. NPR's Steve Inskeep speaks with economist Claudia Sahm about what the numbers mean and what the Fed may do about it.

Copyright 2026 NPR
Steve Inskeep
Steve Inskeep is a host of NPR's Morning Edition, as well as NPR's morning news podcast Up First.

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