AI Data Insight

US personal consumption expenditures (PCE) on services reached $15.1263 trillion in the second quarter of 2026, continuing to climb from the previous value of $15.0751 trillion and hitting a historical record high. Although geopolitical conflicts have driven up inflation and squeezed consumer disposable income, rigid demand for services such as healthcare continues to support overall spending growth. The market expects that if high inflation becomes sticky, it will affect the Federal Reserve's pace of interest rate cuts.

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