U.S. May PCE Hits 4% for First Time in Three Years, Q1 GDP Revised Up to 2.1%

According to latest U.S. economic data, the May PCE inflation rate broke through 4 percent for the first time in three years. Additionally, first-quarter GDP growth was revised upward to 2.1 percent from 1.6 percent, signaling stronger-than-expected economic activity alongside elevated inflationary pressures.
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