Inflation, Fed, US consumer: A look back at this week's data

Yahoo Finance Video
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This was a jam-packed week for the US economy: May CPI (Consumer Price Index) data came ahead of Wednesday's Federal Reserve interest rate decision, jobless claims and May's Producer Price Index (PPI) were released on Thursday, topped by consumer sentiment data Friday morning.

Yahoo Finance's Julie Hyman makes sense of all this economic data, including the state of the consumer under inflated prices and the Fed's own interest rate cut outlook for the remainder of 2024.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Luke Carberry Mogan.