LeadStory

CNBC

Core inflation rate rose to 2.7% in May, personal income falls

CNBC · 2 months ago
CNBC
CNBC
2 months ago

CNBC's Rick Santelli reports on the latest economic data to cross the tape.

Breakdown
  • Personal income fell by 0.4%, the first decline since 2021. 20s
  • Personal spending and real spending both declined, with real spending down 0.3%. 41s
  • Core inflation rose to 2.7% year-over-year, above expectations and the Fed's target. 2m 13s
  • Treasury yields moved significantly over the week, with a steepening yield curve. 2m 54s
Economy