May PCE prices up 0.4%: what it means for U.S. household budgets
May’s PCE prices rose 0.4% and 4.1% year over year; the Fed reports household debt at $21.1T—two signals for tight monthly budgets.
Federal Reserve
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U.S. inflation hits 4.2% in May as gas costs keep budgets under pressure
May inflation rose 4.2% from a year earlier as gasoline stayed expensive, consumers kept spending, and households had little savings cushion.
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U.S. jobs market stayed solid in May, keeping borrowing costs in focus
Employers added 172,000 jobs in May and unemployment held at 4.3%, signaling a steady labor market and little immediate relief on borrowing costs.
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U.S. job openings rose in April, but hiring slowed as employers stayed cautious
April job openings rose even as hiring slowed, while the Fed said employment was mostly flat and consumer spending and prices stayed under pressure.
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U.S. jobless claims dipped again as layoffs stayed historically low
United States Evening Economy Update – Weekly claims fell to 209,000, reinforcing a cooler but still steady labor market as the holiday weekend begins.
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Federal Reserve opens comment period on proposed payment account for fintechs
The Fed is seeking comment on a limited payment account for eligible firms, a proposal that could reshape payments, competition, and oversight nationwide.
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U.S. inflation climbed in April as retail sales kept rising
April inflation sped up to 3.8% while retail sales rose 0.5%, leaving households with higher costs even as consumer spending stayed resilient.
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U.S. jobs growth held up in April, but labor-force participation slipped
April hiring stayed positive, unemployment held at 4.3%, and a lower participation rate suggests a cooler labor market ahead.
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U.S. jobs growth beat forecasts in April, keeping labor market sturdier
April hiring topped expectations with 115,000 new jobs and unemployment steady at 4.3%, signaling a cooling but resilient U.S. labor market.
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U.S. productivity slows in Q1 as labor costs rise
New BLS data show slower productivity and higher labor costs in Q1, a fresh signal on inflation, business margins, and Fed caution.