U.S. PCE Inflation Hits 4% for First Time in Three Years; Q1 GDP Revised to 2.1%

According to Jin10 data, U.S. PCE inflation in May surged above 4% year-over-year for the first time in three years, marking a key threshold breach. Meanwhile, the first-quarter GDP growth rate was revised upward to 2.1% from the prior estimate of 1.6%, suggesting stronger economic activity than initially reported.
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