Inflation is soaring. How consumers are feeling the squeeze.

This episode of Apple News Today examines the rising tide of inflation in the U.S., driven by ongoing conflict in Iran and surging energy prices, which have eroded consumer purchasing power despite stagnant wage growth. The report highlights how inflation is not only affecting groceries and gas but also shaping public expectations, potentially creating a self-fulfilling cycle of price hikes and wage demands. With the Federal Reserve facing mounting pressure, the confirmation of Kevin Warsh as the new Fed chair brings both hope and concern—his inflation hawk past contrasts with recent calls for rate cuts, and he inherits a deeply divided board. Meanwhile, the episode shifts to the health crisis aboard a cruise ship infected with Hantavirus, now quarantined in Nebraska’s specialized facility, raising concerns about public health infrastructure and the toll of isolation. On the global stage, the UK faces political turmoil as Prime Minister Keir Starmer battles a rebellion within his own party, reflecting broader disillusionment with traditional two-party politics as voters turn to the Greens and the Reform Party. The episode also touches on the resignation of FDA Commissioner Marty McCary, the passing of NBA pioneer Jason Collins, and growing anxiety among recent college graduates about AI-driven job losses, even as some leaders argue AI will elevate the value of humanities education.