Walter BloombergFinance

U.S. INFLATION HITS 3-YEAR HIGH U.S. inflation climbed to 4.1% in May, its highest level in more than three years, while consumer spending…

U.S. INFLATION HITS 3-YEAR HIGH U.S. inflation climbed to 4.1% in May, its highest level in more than three years, while consumer spending rose 0.3%, showing resilient demand. First-quarter GDP was also revised higher to 2.1%. The stronger data is likely to reinforce expectations that the Federal Reserve will raise interest rates later this year.
SHOW ON TELEGRAM

More from Walter Bloomberg