Key inflation gauge tracked by the Fed remains a high 6.3%

Summary by Ground News

A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April. Consumer spending rose at a sluggish 0.2% rate from April to May. Consumer spending is beginning to weaken in the face of high inflation.

2 months ago·Washington, United States

News Articles

More Filters

All

Left

Center

Right

Reuters

U.S. consumer spending, underlying inflation slow in May

U.S. consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of other goods, another sign that the rebound in economic growth early in the second quarter was losing steam.

1 month ago·United Kingdom

Read Full Article

abc News

Key inflation gauge tracked by the Fed remains a high 6.3%

A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April

2 months ago·United States

Read Full Article

CNN

This key inflation measure held steady in May

An inflation gauge closely followed by the Federal Reserve showed consumer prices remained flat in May, indicating that inflation had yet to abate despite the central bank's initial efforts to cool the economy.

2 months ago·Atlanta, United States

Read Full Article

Associated Press News

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color.

2 months ago·United States

Read Full Article

CNBC

Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

Core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected.

2 months ago·United States

Read Full Article

The Washington Post

Consumer spending growth slows in May, as higher prices weigh on the economy

Consumer spending has so far been a bright spot in the U.S. economy, even as inflation hits 40-year highs. But household spending slowed in May, compared with April.

2 months ago·Washington, United States

Read Full Article