🚨Truflation US Inflation Update for May 2024 Over the last couple of months, US inflation has been holding relatively stable, while consumer spending has weakened. The data suggests that the elevated pace of price increases could last longer than expected, but it appears more likely that tepid consumer spending will keep a lid on inflation in the months ahead. Restraining demand continues to be the key target for policymakers as they strive to gently drive inflation back down to its 2% target without tipping the economy into a recession – a delicate balance. The year-over-year (YoY) inflation, as reported by the BLS, rose to 3.2% in February and again to 3.5% in March before holding relatively steady at 3.4% in April. Meanwhile, some key economic indicators are pointing to an economic softening. For example, business activity in the US manufacturing sector contracted at an accelerated pace in May, with the ISM Manufacturing PMI dropping to 48.7 from 49.2 in April, compared to a projected rise to 49.6. In general, readings below 50 indicate a contraction. More: truflation.com/blog/public-p…

🚨 TRUFLATION LIVESTREAM AMA CEO Stefan Rust answers all comers tomorrow, 13 June at 12pm EST, LIVE on X and YouTube: X: xitter.cf/truflation YouTube: youtube.com/@truflation