# U.S. consumer spending, underlying inflation slow in May

> US consumer spending and underlying inflation slowed in May. The Fed raised its policy rate by 75 basis points this month, its biggest hike since 1994, and has raised rates 150 basis points since March.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/40855-u-s-consumer-spending-underlying-inflation-slow-in-may
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slowing consumer demand and aggressive Fed tightening point to softer demand expectations and a firmer dollar, bearish for dollar-denominated feed commodities.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-28 | [LIVE MARKETS Spending, income, inflation, sentiment: Consumers sing the blues](https://feedsoft.ai/events/43327-live-markets-spending-income-inflation-sentiment-consumers-sing-the-blues.md) | -0.9% | -0.6% |
| DXY | 2023-10-13 | [US consumer sentiment sours; dollar aiding inflation fight \| Reuters](https://feedsoft.ai/events/33537-us-consumer-sentiment-sours-dollar-aiding-inflation-fight-reuters.md) | +0.5% | -0.9% |
| DXY | 2018-02-02 | [Signs of Firming U.S. Inflation Put Emerging Market Currencies Under Pressure](https://feedsoft.ai/events/66723-signs-of-firming-u-s-inflation-put-emerging-market-currencies-under-pressure.md) | +1.7% | +1.8% |
| DXY | 2024-11-14 | [Morning Bid: A twist in the U.S.'s inflation tale?](https://feedsoft.ai/events/11854-morning-bid-a-twist-in-the-u-s-s-inflation-tale.md) | -0.1% | -0.0% |
| DXY | 2022-09-13 | [C$ slides by most in 2 months on hot U.S. inflation data](https://feedsoft.ai/events/39820-c-slides-by-most-in-2-months-on-hot-u-s-inflation-data.md) | +1.4% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/us-consumer-spending-rises-moderately-inflation-pushes-higher-2022-06-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.