[U.S. Inflation Rate Hits 3-Year High, Potentially Strengthening Fed's Rate Hike Expectations This Year] BlockBeats News, June 25: The U.S. inflation rate for May rose to 4.1%, marking the highest level in over three years, while consumer spending increased by 0.3%, demonstrating resilient demand. Meanwhile, first-quarter GDP was also revised up to 2.1%. Analysts pointed out that these stronger data are likely to reinforce market expectations that the Federal Reserve will raise interest rates later this year.