Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.

US inflation hits a three-year high at 4.2% amid rising consumer spending. Inflation at 3.8% in June priced at 56% YES.

US consumer spending rose 0.7% in May as CPI hit 4.2%, a three-year high. Here's what the inflation-spending paradox means for crypto and risk assets.