CNBC - Economy

The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.

Inflation hits 3.2% in the euro zone as Iran war pushes energy costs higher

Higher energy costs can force consumers to raid their savings and lean more into debt to cover expenses.

Mental "scars" reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.