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28.05.26 - 19:09
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Americans′ Savings-Rate Slumps In April As Fed′s Favorite Inflation Signal Soars (ZeroHedge)
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Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars
After accelerating significantly in March, 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) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023.
The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY...
The headline PCE jumped 0.4% MoM (+0.5% MoM exp) dragging the YoY up to +3.8% - the hottest read since May 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...
Higher prices were met with higher spending (+0.5% MoM notional) but flat income growth (0.0% MoM)...
With the growth in spending versus de-growth in incomes more evident below...
Sending the...
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28.05.26 - 18:45
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Key inflation gauge worsens, eroding Americans′ income and spending power (The Hill)
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WASHINGTON (AP) — A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans' finances. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the......
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28.05.26 - 17:18
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Belgium Inflation Rises To 16-month High In May (AFX)
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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Belgium's consumer price inflation increased slightly in May to the highest level in nearly one-and-a-half years amid higher energy costs, figures from the sta......
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28.05.26 - 16:18
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Iceland Inflation Eases To 5-month Low In May (AFX)
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REYKJAVIK (dpa-AFX) - Consumer price inflation in Iceland moderated slightly in May to the lowest level in five months, preliminary data from Statistics Iceland showed on Thursday.The consumer pri......
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28.05.26 - 16:12
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Fed′s Jefferson Warns Inflation Risks Are Tilted to the Upside (Bloomberg)
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Federal Reserve Vice Chair Philip Jefferson says he expects inflation to cool later this year as the effects of tariffs and higher energy costs wear off but cautions that inflationary risks remain tilted to the upside. He speaks at a conference hosted by the Bank of Japan in Tokyo. (Source: Bloomberg)...
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