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US Consumer Spending Picks Up as Inflation Hits Three-Year High
Posted
June 25, 2026
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June 25, 2026
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2:00Now PlayingUS consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, suggesting Americans are powering through the fallout from the Iran war.
Rob Sockin, Chief US Economist at PGIM Credit, reacts to the PCE data and explains how the Fed might react to the numbers.
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