Here's some of the places where prices are rising fast for consumers.
The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.
The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.
The retail trades added nearly 22,000 jobs in April, accounting for about one-fifth of total job growth.
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.
"Do I think he'll cut rates？ No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
"Do I think he'll cut rates？ No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.
Lower-income consumers are compensating for higher gas prices by buying less.