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flag US inflation rose to 2.6% annually in June, driven by tariffs, yet consumer spending remains stable.

flag US consumer prices and spending rose by 0.3% in June, with the Federal Reserve's preferred inflation gauge, the PCE price index, increasing to 2.6% annually, up from 2.4% in May. flag Tariffs are contributing to higher prices, particularly for imported goods like furniture and appliances. flag Despite rising costs, consumer spending remains stable, though it has slowed over the past year. flag The Fed is unlikely to cut interest rates due to these inflationary pressures.

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