The Federal Reserve's most closely monitored inflation measure — the Personal Consumption Expenditure price index — reached its lowest level since March 2021 in May, registering an annual rate of 2.6%, in line with economist expectations.
The inflation figures released Friday indicate that price pressures are trending toward the Fed's 2% target, solidifying market expectations for interest rate cuts. September is now seen as the most likely month for the first rate cut, followed by another by the end of the year, and potentially three more next year, according to market prediction data.
Economists say the policies of both candidates are inflationary and fail to meaningfully address the fiscal and debt issues facing the U.S. economy.
Market Breadth Warnings
Banks Show Resilience
Pandemic Savings Depleted
U.S. household pandemic savings have dwindled, leading to rising delinquencies and record-high debt. The Federal Reserve Bank of San Francisco estimates that excess savings peaked at $2.1 trillion in August 2021 but are now fully depleted. Economists warn that consumers’ financial stability is now tied to current income.
Tesla's New Models
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