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What the impact of asset price bubbles on US economic growth is.
Employers in the US added 339,000 jobs in May, but at the same time 440,000 more people reported they were unemployed
US PCE price index decelerated further in March with the year over year rate dropped to merely 4.2%, down from 5.1% in February.
Consumer price index grew for March 5% over the past year, reaching the lowest level since May 2021. Nonetheless, Core CPI recorded a 5.6% increase, up from 5.5% in February.
Non-farm payroll booked an increase of 236,000 in March, a further deceleration from February's 326,000, which was revised upward from the preliminary figure of 311,000, according to the Bureau of Labor Statistics' establishment survey.
Inflation in the US showed further signs of easing as the yearly growth of core PCE price index slowed to 4.6% in February, while the headline number increased by 5%.