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US Consumer Spending Picks Up as Inflation Hits Three-Year High

Bloomberg Markets Thursday 25 June 2026, 16:01 UTC 1 min read
Key Points

Jun 25th, 2026 US Consumer Spending Picks Up as Inflation Hits Three-Year High 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.

Jun 25th, 2026 US Consumer Spending Picks Up as Inflation Hits Three-Year High 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.
US (LOCATION) Americans (ORG) the Iran war (EVENT) Rob Sockin (PERSON) PGIM Credit (ORG) PCE (ORG) Fed (ORG)
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