šØUS Inflation Hits Highest Level Since 2023, Fed Stays Tough on Ratesš
š U.S. inflation increased again in May, with the Fedās preferred inflation measure (Core PCE) rising 3.4% year-over-year, the highest level since October 2023. Headline PCE inflation reached 4.1%, its highest level since April 2023. Rising energy costs and tariffs are adding pressure to prices, making it harder for inflation to move back toward the Fedās 2% target
š° Despite higher inflation, the U.S. economy remains strong. Consumer spending and personal income both rose 0.7%, beating expectations. GDP growth for the first quarter was revised higher to 2.1%, while jobless claims fell to 215,000, showing a healthy labor market. These strong economic numbers may support the Federal Reserveās decision to keep interest rates higher for longer #USPCEInflationHits4.1% #TaikoSaysL2IncidentNoUserFundLoss #MemeCoreMTokenCrashes80% $PAXG $DOGE $BNB
š U.S. inflation increased again in May, with the Fedās preferred inflation measure (Core PCE) rising 3.4% year-over-year, the highest level since October 2023. Headline PCE inflation reached 4.1%, its highest level since April 2023. Rising energy costs and tariffs are adding pressure to prices, making it harder for inflation to move back toward the Fedās 2% target
š° Despite higher inflation, the U.S. economy remains strong. Consumer spending and personal income both rose 0.7%, beating expectations. GDP growth for the first quarter was revised higher to 2.1%, while jobless claims fell to 215,000, showing a healthy labor market. These strong economic numbers may support the Federal Reserveās decision to keep interest rates higher for longer #USPCEInflationHits4.1% #TaikoSaysL2IncidentNoUserFundLoss #MemeCoreMTokenCrashes80% $PAXG $DOGE $BNB