May PCE Inflation Rises Slightly as Consumer Spending Declines
TL;DR Summary
In May, a key inflation indicator increased slightly, with prices rising 2.3% annually, while Americans reduced their spending for the first time since January, reflecting modest inflation effects and cautious consumer behavior amid ongoing tariffs.
- Key inflation gauge rose last month while Americans cut back on spending Yahoo Finance
- Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows CNBC
- PCE Inflation Stayed Tame in May But Economists Are Bracing for Trump’s Tariffs The New York Times
- Inflation cooled in May alongside consumer spending pullback Axios
- Why May PCE Could Be a Positive Signal for the Fed to Turn Dovish Barron's
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
85%
241 → 35 words
Want the full story? Read the original article
Read on Yahoo Finance