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US Fed's preferred inflation gauge picks up as tariff effects loom
US Fed's preferred inflation gauge picks up as tariff effects loom
Economy
by  AFP

The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months. But central bank officials have said they expect to learn more about the impact of tariffs over the summer, meaning they will be scrutinizing data in the coming months.