US Inflation Eases, Boosting Confidence in Interest Rate Cuts Amid Whiplash Data
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#f780011f ver:1.2

US inflation eases in May, with the core PCE price index falling to a three-year low of 2.6%. This raises hopes for interest rate cuts by the Federal Reserve in September. Consumer spending increased by 0.2% in May, but factors like inflation fatigue and slowing wage growth are restraining growth. Treasury yields declined, strengthening the case for monetary policy easing. The Fed's preferred inflation measure, the PCE index, rose 0.1% in May and 2.6% annually. Rate cuts could lead to lower borrowing rates for consumers and businesses. #inflation #interestrates #economy...

#newstr #UsInflation #ConsumerSpending #FederalReserve #InterestRates #RateCuts #Inflation #DurableGoods 

 https://here.news/story/f780011f?ver=1.2