Overseas Headlines – June 30, 2023
Coleeann Hutchinson2023-06-30T10:17:54-05:00June 30, 2023 United States: US Inflation Cools, Spending Stagnates as Economy Loses Steam The Federal Reserve’s preferred measures of US inflation cooled in May and consumer spending stagnated, suggesting the economy’s main engine is starting to lose some momentum. The personal consumption expenditures price index rose 0.1% in May, Commerce Department figures showed