- The economy grew at an annualized 2.1% pace in the 1st quarter, faster than previously estimated. Consumer spending rose 0.5%.
|
- The PCE price index, the Fed's favored inflation gauge, rose 4.1% year over year in May, the most since April 2023.
|
- Initial jobless claims fell last week in a sign of ongoing resilience for the labor market, though continuing claims crept up to 1.82 million.
|
.png)
