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Jay Woods: U.S. May CPI expected to hit a three-year high, housing and service inflation concerns

2026-06-09 14:21:51

Mars Finance News, according to Jinjishi, Chief Global Strategist of Free Capital Markets Jay Woods stated that the overall U.S. CPI year-over-year rate is expected to jump from 3.8% to 4.2% in May, the highest level since March 2023. He pointed out that what is truly concerning is not the overall data, but the "sticky" categories such as housing, insurance, and services, which may keep inflation persistently above the Federal Reserve's comfort zone.

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