US stock futures slip as Iran tensions rise ahead of inflation data - Cryptonews.net

US Core PCE inflation remained hot, accelerating to an annual rate of 3.3%, signaling persistent price pressures.

Consumer spending appears strong, but it's largely driven by higher inflation, raising concerns about real economic health.

The first inflation report under new Fed chief Kevin Warsh was released, and it was not good, indicating persistent price pressures.

The Fed's inflation gauge heated up in April, solidifying expectations that interest rates will remain steady for the time being.

Inflation escalated to a 3-year high, with warnings that it might worsen before improving.

An economist stated that rate hikes are not a clear remedy to tame U.S. inflation, raising concerns about its persistence.