U.S. Inflation Rises in June, Increasing Pressure on the Fed
TL;DR Summary
US consumer spending increased by 0.3% in June, supporting economic growth despite rising inflation, which reached 2.6% annually, driven by higher energy and goods prices, including tariff-related costs.
- Consumer spending heated up a bit last month – but so did inflation CNN
- Fed's go-to inflation indicator edges higher in June as tariffs ramp up Axios
- Treasury yields slip as traders weigh new U.S. inflation data CNBC
- Key Inflation Measure Rose in June, Adding to Pressure on Fed The New York Times
- Inflation ticks up more than expected in Fed’s preferred gauge The Hill
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