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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 3:47 AM CDT

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.

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