Despite solid wage growth in May, consumers showed some restraint, and inflation continued to moderate. The Personal Consumption Expenditures Price Index (PCEPI) remained flat month-over-month, down from 0.3% in April. Core PCEPI eased to 0.1% from 0.3% the previous month. Year-over-year, core PCE stands at 2.6%, down from a persistent 2.8% over the past three […]
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