U.S. PCE Inflation Broke Above 4% in May But USD Softened
The Federal Reserve’s preferred inflation gauge climbed to its highest level in over three years in May, complicating the central bank’s rate path even as American consumers continued to spend at a robust pace.
The Federal Reserve’s preferred inflation gauge climbed to its highest level in over three years in May, complicating the central bank’s rate path even as American consumers continued to spend at a robust pace.
