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Trump says 'I love the inflation' after consumer price index hits 3-year high CNBCInflation heats up to highest pace in three years, fueled by Iran war The Washington PostTrump Says He Loves Inflation Caused By Iran War ForbesUS Inflation Accelerates, Though Core Gauge Comes in Softer Bloomberg.comIt's Nearly Impossible to Find a Savings Account That Outpaces Inflation. Th
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US consumer inflation posts largest increase in three years in May ReutersHere's the inflation breakdown for May 2026 — in one chart CNBCInflation hits highest level since 2023, as the Iran war pushes up prices ABC7 New YorkCPI Report Today: Inflation Rises to 4.2% — Live Updates WSJUS inflation tops 4% for first time i
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Consumer prices rose 4.2% annually in May, highest in three years CNBCAnnual CPI inflation surges to the highest level since 2023 as energy prices rise Yahoo FinanceMay inflation is expected to have jumped as the Iran war sent prices higher NBC NewsInflation set to top 4% for first time in three years on Iran war price shock CNN
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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