Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
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Federal Reserve chairman Kevin Warsh. Photo illustration: Brendan Lynch/Axios. Photo: Tierney L. Cross/Bloomberg via Getty Images
Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock.
Why it matters: That combination, shown in new data out Thursday morning, creates a complex reality for Kevin Warsh's young Federal Reserve chairmanship.
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Annual core inflation rose 3.4% in May, highest rate since 2023 - UPI.com
US first-quarter GDP revised higher as consumer spending picks up | The National
The April retail sales numbers rose in line with expectations, though against a backdrop of Americans receiving extra-large tax…
Despite inflation at its highest rate in over three years, the pain isn't bleeding through to inflation in other goods and…
The reports will offer a glimpse into how rising inflation and higher gas prices are pinching American wallets.
A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans’ finances and creating…
The PPI for final demand rose 1.4% in April alone, and is up 6% over the last 12 months.
Shoppers continue to open their pocketbooks, boosting retailers like Walmart, even as inflation jumps to its highest level in…
