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flag US consumer spending increased 0.3% in June, despite tariffs pushing inflation to 2.6%.

flag US consumer spending rose by 0.3% in June, despite inflation hitting 2.6% annually, due to tariff-related price hikes. flag The Personal Consumption Expenditures price index, favored by the Federal Reserve, showed a 0.3% monthly increase, reflecting higher costs on imported goods. flag While consumers are adjusting, economists expect continued pressure on prices due to tariffs. flag The Federal Reserve maintained interest rates, resisting calls for cuts.

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