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Americans are still shopping, despite climbing energy costs
Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
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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.
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US inflation climbs to highest since 2023 as consumer spending and income beat forecasts
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.
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timesofindia.indiatimes.com
US inflation climbs above 4% for first time in three years as consumer spending stays resilient
US inflation accelerated above the 4% mark for the first time in three years in May, driven by higher energy prices following the Middle East conflict, while consumer spending…
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scmp.com
US inflation rises to 3-year high, spending picks up
The numbers are likely to keep pressure on the Federal Reserve to raise interest rates this year.
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axios.com
Americans are still shopping, despite climbing energy costs
Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
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marketplace.org
It's not just food and energy — "core" inflation is up as well
More-expensive energy has the knock-on effect of increasing the costs of goods and services.