Watch US Consumer Spending Picks Up as Inflation Hits Three-Year High - Bloomberg
2026-06-26·via Bloomberg Markets
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.
