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25.06.26 - 18:30
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Key Fed inflation gauge rises to three-year high in May after gas prices peaked (The Guardian)
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Consumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midtermsThe Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for Donald Trump and his political party as midterm elections near.Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023. On a monthly basis, inflation was 0.4% last month, matching April's increase and down from 0.7% in March. Continue reading......
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25.06.26 - 18:06
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US Consumer Spending Picks Up as Inflation Hits Three-Year High (Bloomberg)
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US 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. (Source: Bloomberg)...
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25.06.26 - 16:12
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USA: Der PCE-Preisdeflator legt weiter zu (Anleihencheck)
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Hannover (www.anleihencheck.de) - Die Inflationsentwicklung bleibt vorerst ein großes Problem für die US-Wirtschaft, so die Analysten der Nord LB.
Der PCE-Preisdeflator, ein in den Vereinigten Staaten neben dem Konsumentenpreisindex ebenfalls sehr wichtiger Indikator zur Messung der Inflationsdynamik auf der Ebene des Einzelhandels, habe im Berichtsmonat Mai um 0,4% M/M zugelegt. [mehr]...
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25.06.26 - 15:31
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US Inflation Climbs as Consumers Spent More in May (Bloomberg)
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US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from a month earlier. The personal consumption expenditures price index rose 4.1% last month from a year earlier. Enda Curran reports. (Source: Bloomberg)...
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25.06.26 - 15:27
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US-Verbraucher trotz Preisschub spendabel - Wirtschaft läuft besser als gedacht (Reuters)
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US-Amerikaner im Mai überraschend spendabel: Sie steigerten ihren Konsum um 0,7% gegenüber dem Vormonat, wie das Handelsministerium am Donnerstag mitteilte. Von Reuters befragte Volkswirte hatten mit einem Zuwachs von 0,6% gerechnet. Im April hatte es nach abwärts revidierten Daten nur ein Plus von 0,4% gegeben. Der private Konsum gilt als Antriebswelle des US-Wirtschaftsmotors, der Anfang des Jahres rund lief: Das Bruttoinlandsprodukt legte laut finalen Daten auf das Jahr hochgerechnet im Zeitraum von Januar bis März um 2,1% zu. In vorläufigen Zahlen war noch von einem Zuwachs von 1,6% die Rede.. --- PCE-Index: Die daraus berechnete Teuerungsrate schnellte im Mai auf 4,1% von 3,8% im April in die Höhe. Experten hatten diesen Anstieg erwartet. Erstmals seit April 2023 lag die PCE-Rate damit wieder über der Vier-Prozent-Marke.. --- An den Finanzmärkten wird darauf spekuliert, dass die Zentralbank die Zinsen im Kampf gegen die Inflation anheben könnte - womöglich bereits im September..
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25.06.26 - 15:12
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Services Costs Drag Fed′s Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows (ZeroHedge)
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Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows
After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May.
And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023...
Services costs picked up again with Durable goods flat and non-durable goods inflation decelerating...
The headline PCE jumped 0.4% MoM (slightly less than the 0.5% exp) and up 4.1% YoY (as expected) - highest since April 2023...
The impact of the war is evident in crude prices and the PCE's energy index, but arguably, this is as bad as it gets in terms of inflation...
But PCE signals that the soaring cost of semiconductors (the software and accessories component receives about 30 times the weight in PCE as it does in CP...
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25.06.26 - 15:01
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Inflation hits 4.1 percent in May, highest level in 3 years (The Hill)
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Annual inflation hit the highest level in more than three years last month as prices across the economy rose at an even quicker pace, according to data released Thursday by the Commerce Department. Prices rose 4.1 percent over the past year and 0.7 percent in May alone, as measured by the personal consumption expenditures (PCE)......
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