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المشهد العربي
Fed inflation gauge hits three-year high
Inflation in the United States accelerated in May, with the core Personal Consumption Expenditures (PCE) price index hitting 3.4% on an annual basis, the highest level since 2023, alongside a monthly increase of 0.3%. The overall PCE price index also rose by 4.1% annually, demonstrating the continued strength of domestic demand despite inflationary pressures. At the same time, disposable personal income grew significantly, reflecting the resilience of the American economy.
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