Consumer spending in the US has declined as PCE inflation rose by 0.2% month-over-month and 2.7% year-over-year in May 2025. This drop in spending alongside rising inflation indicates softening economic conditions.
Donald Trump’s potential reshuffle of the Federal Reserve is causing market volatility and driving the US dollar to a three-year low. With the Fed considering pausing rate hikes, political dynamics are influencing monetary policy ahead of the 2026 elections.
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