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US inflation slows in June, but reversal likely amid Middle East conflict
US inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percent annually. Excluding food and energy, inflation also showed moderation. Consumer spending saw a slowdown after tax refunds faded. The Federal Reserve maintained interest rates while signaling future hikes.
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economictimes.indiatimes.com
US inflation slows in June, but reversal likely amid Middle East conflict
US inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percent annually. Excluding food and energy,…
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upi.com
Inflation rate fell by 0.1% in June; first decrease in six years - UPI.com
Personal consumption expenditures, the Federal Reserve's preferred marker of inflation, fell for the first time in six years in June, the BEA reports.