May inflation came in slightly hotter than expected, with Core PCE rising 2.7% year over year, creating some doubt about the possibility of interest rate cuts in July.
Gregory Daco, EY chief economist, joins Market Catalysts to explain how rising tariffs could accelerate inflation and slow consumer spending through the rest of 2025.
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here.
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