South Korea Raises Rates as Chip Growth Meets Inflation Risks
South Korea lifted its benchmark rate to 2.75% as semiconductor-led growth strengthens, while inflation, housing prices and household debt pressure policymakers.
Household debt
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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.
