The latest inflation report shows prices rising 2.4% year over year, matching economists' expectations. While inflation remains above the Federal Reserve's 2% target, it is lower than a year ago and wage growth has generally outpaced inflation over the past year. But analysts say the key factor to watch next may be energy prices, especially as tensions involving Iran continue to affect oil markets. Dale Smothers, president and CEO of RDS Wealth Management joins Alicia Summers to discuss the latest CPI data and how it largely reflects prices from before the recent escalation in the Iran conflict. If oil prices remain elevated, he says Americans could see higher costs for gasoline, transportation, and travel, and rising energy prices could also complicate the Federal Reserve's plans for potential interest-rate cuts later this year. Join this channel to get access to OAN Live & perks: https://www.youtube.com/channel/UCNbIDJNNgaRrXOD7VllIMRQ/join Visit us On OAN Live : https://live.oann.com/home.ktv Website: https://www.oann.com Facebook: https://www.facebook.com/OneAmericaNewsNetwork Twitter: https://twitter.com/OANN Instagram: https://www.instagram.com/one_america_news_ KlowdTV: Watch OAN Live on KlowdTV subscription prices start at $2.99 /mo https://klowdtv.com