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Breaking Posted 3 hours ago

US inflation hits 4.2% in May; consumer spending slows

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Annual US inflation reached 4.2% in May, a three-year high, prompting two-thirds of consumers to plan spending cuts. This weakening consumer demand and persistent price pressures directly affect USD sentiment and broader dollar-denominated asset valuations, influencing Fed rate-cut expectations and near-term currency pair direction.
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@asuquokelvin · 3 hours ago

Inflation brought the receipts, shoppers hid their wallets, and the dollar started walking around like it owns the neighborhood.

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