Ouch!  According to Bloomberg, inflation grew 0.6% in April which was preceded by a 0.4% increase in March.  If we “average” these two amounts and annualize it, then inflation is growing at roughly 6% – Yikes!  I suspected the Fed would raise rates again in June by another quarter point but I now they may have to be more aggressive and bump it up to a half a point to stave off the inflation beast.