US Consumer Spending Picks Up as Inflation Hits Three-Year High

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Gulf Times - Business 9 hours ago • gulf-times.com

Fed's preferred inflation gauge hits fresh three-year high

The US Federal Reserve's preferred inflation measure hit a three-year high in May, as elevated energy prices from President Donald Trump's Iran war pose a key test to his Republican Party ah...

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Bloomberg Markets 14 hours ago • bloomberg.com

US Consumer Spending Picks Up as Inflation Hits Three-Year High

US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war. Rob Sockin, Chief US Economist at PGIM Cr…

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