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<\/a><\/p>\nD. Brian Blank, Brandy Hadley @ Conversation<\/em>: It\u2019s not just high gas prices \u2013 inflation is now spreading through the US economy<\/a><\/h2>\nAmericans don\u2019t need a press release to know that inflation is rising. Gasoline is above $4 per gallon<\/a> amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026<\/a>, underscores why policymakers are worried these pressures could spread<\/a> into the broader economy.<\/p>\nThe report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%.<\/p>\n
This increase suggests inflation isn\u2019t limited to gasoline. Housing, utilities and recreational spending are also keeping underlying inflation elevated, even as other data shows a slowing economy<\/a> and weaker income growth<\/a>.<\/p>\nDan Frosch @ WSJ<\/em>: Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill<\/a><\/h2>\nSoaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; \u2018a pattern of survival debt\u2019<\/em><\/p>\nPaul Krugman: Who\u2019s Deranged, Exactly?<\/a><\/h2>\nOf partisanship and economic sentiment<\/em>
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Heather Cox Richardson: Letters from an American – May 29, 2026<\/a><\/h2>\nThis morning, Senator John Cornyn (R-TX), who just lost his primary after President Donald J. Trump endorsed Republican challenger Ken Paxton, posted:<\/p>\n
\u201cAn old, but apt fable: …<\/p>\n
Cornyn appears to be firing a shot across the president\u2019s bow, and now that Trump has alienated Senators Bill Cassidy of Louisiana and John Cornyn of Texas by endorsing their opponents, there are six Republican senators who may be willing to stop moving in lockstep with him.<\/p>\n
Trump\u2019s war on Iran and the rising prices Americans are enduring in its wake are costing him support from all but his most fervent base, and there is no immediate solution that will make those problems go away. …
\n(Heather Cox Richardson more…)<\/a><\/p>\n
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Michael Fanone: Imagine If a Foreign Military Did This Off the Coast of Florida<\/a><\/h2>\nThe U.S. has destroyed 58 boats and killed 194 people since September. The reason we’ve stopped paying attention is the entire reason it’s still happening.<\/em>
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The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%.<\/p>\n
This increase suggests inflation isn\u2019t limited to gasoline. Housing, utilities and recreational spending are also keeping underlying inflation elevated, even as other data shows a slowing economy<\/a> and weaker income growth<\/a>.<\/p>\n Soaring interest rates and stubborn inflation have led to highest delinquencies since the financial crisis; \u2018a pattern of survival debt\u2019<\/em><\/p>\n Of partisanship and economic sentiment<\/em> This morning, Senator John Cornyn (R-TX), who just lost his primary after President Donald J. Trump endorsed Republican challenger Ken Paxton, posted:<\/p>\n \u201cAn old, but apt fable: …<\/p>\n Cornyn appears to be firing a shot across the president\u2019s bow, and now that Trump has alienated Senators Bill Cassidy of Louisiana and John Cornyn of Texas by endorsing their opponents, there are six Republican senators who may be willing to stop moving in lockstep with him.<\/p>\n Trump\u2019s war on Iran and the rising prices Americans are enduring in its wake are costing him support from all but his most fervent base, and there is no immediate solution that will make those problems go away. … The U.S. has destroyed 58 boats and killed 194 people since September. The reason we’ve stopped paying attention is the entire reason it’s still happening.<\/em>Dan Frosch @ WSJ<\/em>: Americans Are Falling Behind on Their $1.25 Trillion Credit-Card Bill<\/a><\/h2>\n
Paul Krugman: Who\u2019s Deranged, Exactly?<\/a><\/h2>\n
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Heather Cox Richardson: Letters from an American – May 29, 2026<\/a><\/h2>\n
\n(Heather Cox Richardson more…)<\/a><\/p>\n<\/p>\n
Michael Fanone: Imagine If a Foreign Military Did This Off the Coast of Florida<\/a><\/h2>\n
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