U.S. PCE inflation measure tops 4% in May; consumer spending strong
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Article Excerpt
U.S. PCE inflation measure tops 4% in May; consumer spending strong
REUTERS
PUBLISHED JUNE 25, 2026
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U.S. inflation increased further in May, breaking above 4 per cent for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. But with oil prices falling to pre-war levels on Thursday after the United States and Iran signed a preliminary peace dea…
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