US revises first quarter growth down while inflation climbs
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US revises first quarter growth down while inflation climbs
WASHINGTON: The US economy expanded less than initially estimated in the first quarter, government data showed on Thursday (May 28), while a key inflation gauge separately hit a three-year high on fallout from the Middle East war. The figures sound a warning on pressures that American households ar»»»
US Fed's preferred inflation gauge hit three-year-high in April
Washington, United States: The US Federal Reserve's preferred inflation measure rose in April by its highest year-on-year rate since 2023, government data showed on Thursday, as the economic fallout of President Donald Trump's Iran war hits Americans. The personal consumption expenditures (PCE) pri»»»
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