美国关键通胀指标上升 而消费者支出近乎停滞

Core Insights - The core inflation indicator preferred by the Federal Reserve accelerated in June, marking one of the fastest increases this year, while consumer spending showed almost no growth, highlighting factors that create divergence among decision-makers regarding interest rate direction [1] Inflation Data - The core Personal Consumption Expenditures (PCE) price index, excluding food and energy, rose by 0.3% from May and increased by 2.8% year-on-year, indicating limited progress in curbing inflation over the past year [1] Consumer Spending - Inflation-adjusted consumer spending slightly rebounded in June after a decline in May, suggesting that economic pressures are causing Federal Reserve officials to have differing views on monetary policy direction [1] Economic Concerns - On one hand, the stagnation in inflation progress raises concerns among central bank officials about potential upward price pressures from tariffs imposed by President Trump. On the other hand, reduced consumer spending due to a weak labor market may lead to an overall economic slowdown [1]