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U.S. Inflation Rises in June, Increasing Pressure on the Fed

1 min read
Source: CNN
U.S. Inflation Rises in June, Increasing Pressure on the Fed
Photo: CNN
TL;DR

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.

Topics:top-newseconomy#consumer-spending#economy#gas-prices#inflation#pce-index#tariff-costs
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  1. Consumer spending heated up a bit last month – but so did inflation  CNN
  2. Fed's go-to inflation indicator edges higher in June as tariffs ramp up  Axios
  3. Treasury yields slip as traders weigh new U.S. inflation data  CNBC
  4. Key Inflation Measure Rose in June, Adding to Pressure on Fed  The New York Times
  5. Inflation ticks up more than expected in Fed’s preferred gauge  The Hill

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