HEADLINE CPI (APR 2025)
3.4%
Year-over-year; remains above Fed's 2% target
GROCERY PRICES
↑
Food at home prices rising heading into summer
GAS PRICES
↑
Energy prices climbing, adding to household burden
10-YR TREASURY YIELD
4.9%
Surged in late May on deficit and rate fears
FED FUNDS RATE
5.25%
Held restrictive under Powell; Warsh trajectory uncertain
CPI Trend Category Breakdown Fed Rate Context Key Events
Headline CPI — Year-over-Year % Change (Jan 2021 – Apr 2025)
0% 2% 4% 6% 8% 10% 2% TARGET WARSH ERA 2021 2022 2023 2024 2025 BIDEN TRUMP
Shaded regions indicate presidential administrations. Dashed vertical line marks the transition to Fed Chair Warsh (April 2025). Circle markers indicate key annotated events — hover for details.
Q&A — Policy Context
Why does it matter who chairs the Federal Reserve? +
Is Kevin Warsh expected to cut rates or keep them high? +
Why are grocery and gas prices still rising? +
What does the 10-year Treasury yield have to do with everyday Americans? +
Could the U.S. be heading toward stagflation? +