US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, indicating resilient demand despite inflationary pressure. The article links the resilience to Americans powering through the fallout from the Iran war, making the readthrough relevant for both inflation and geopolitical risk. Overall the data are mixed: stronger consumption is positive for growth, but faster price gains are a headwind.
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years, indicating resilient demand despite inflationary pressure. The article links the resilience to Americans powering through the fallout from the Iran war, making the readthrough relevant for both inflation and geopolitical risk. Overall the data are mixed: stronger consumption is positive for growth, but faster price gains are a headwind.
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