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Home›Articles›Inflation indicator hits 6-year high

Inflation indicator hits 6-year high

By Hope For Our Times
June 30, 2018
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A key measure of US inflation hit a six-year high in May, matching the central bank’s target in another sign price pressures are finally rising, the government reported Friday. The long-awaited rise in the Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation measure, came amid a slight slowdown in consumer spending last month, according to the Commerce Department. The weak spending could weigh on GDP growth in the second quarter, but incomes posted sharp gains. On an annual basis, the PCE price index hit 2.3 percent, the highest since March 2012…

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Welcome to the Hope For Our Times App! Hope For Our Times is about the revelation and prophecies of the Holy Bible. Pastor Tom Hughes of 412 Church in San Jacinto, California reviews the events of the world today and highlights the biblical aspects and what believers should be watching for in the end times.

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