Fed’s Preferred Inflation Measures Cool, Spending Stalls (Video)

The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed. Consumer spending, adjusted for prices, was little changed after a downwardly revised 0.2% gain in April. Mike McKee breaks down the data on “Bloomberg Surveillance.”

(Bloomberg) — The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed. Consumer spending, adjusted for prices, was little changed after a downwardly revised 0.2% gain in April. Mike McKee breaks down the data on “Bloomberg Surveillance.”

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