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US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve's interest rate hike plans on the table for September. Despite this, consumer spending surged, bolstered by tax refunds and a stock market rally. Business investment in equipment also rebounded, particularly in AI-related technology, offering a mixed economic outlook.
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washingtonexaminer.com
Inflation rose to 4.1% in May in Fed’s preferred gauge
Inflation rose three-tenths of a percentage point to 4.1% for the year ending in May, the Bureau of Labor Statistics reported.
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cryptobriefing.com
US inflation hits three-year high as consumer spending rises in May
US inflation hits a three-year high at 4.2% amid rising consumer spending. Inflation at 3.8% in June priced at 56% YES.
