Inflation Swamps Income Gains As Fed Eyes Rate Hike, But S&P 500 Rises | EN590 Commodities
EN590 Commodities GroupUrea / Fertilizer 2026-05-28T12:29:42+00:00
The Federal Reserve's primary inflation gauge rose to the highest level since late 2023, leaving real incomes lower than a year ago in April, Bureau of Economic Analysis data revealed. The data, which showed American's saving less to keep up their spending, came as oil prices relapsed amid renewed hopes for a quick U.S.-Iran peace framework. The inflationary effects of… Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
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