Article
Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows
Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows
After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May.
And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023...
Services costs picked up again with Durable goods flat and...
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Israel Sets 3 Key 'Conditions' For Ending Occupation Of South Lebanon
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Via The Cradle
Israel has set several “conditions” for the withdrawal of its occupation forces from Lebanon, Hebrew newspaper Israel Hayom reported this week – after Tel Aviv was forced to stop bombing the country due to the US–Iran agreement.
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