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May PCE Rises 4.1%, Largest Increase Since April 2023, Fed's Barkin Warns Inflation Spreading

2026-06-28 23:45:28

According to a Bloomberg interview on June 29, Federal Reserve Richmond President Thomas Barkin stated that May PCE rose 4.1% year-over-year, marking the largest increase since April 2023. While oil prices have eased following the U.S.-Iran ceasefire, Barkin warned that inflation has broadened beyond energy into wider economic sectors, driven by AI infrastructure demand, service price stickiness, and corporate pricing behavior. He emphasized that restrictive policy remains necessary.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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