Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

US PCE inflation hits 4.1%, core inflation rate comes at 3.4%

US inflation accelerated further in May, with a key measure of price pressures climbing above 4% for the first time in more ...

Core PCE inflation rises in line with consensus in May; personal income, spending exceed expectations

M/M vs. +0.3% consensus and +0.3% prior (revised from +0.2%), according to data released by the Bureau of Economic Analysis ...
WWNO

Inflation is up. Americans explain how it's affecting them

Consumer prices surged 3.8% in April from a year ago. That's according to data released today from the Department of Labor. SACHA PFEIFFER, HOST: It's the highest annual reading since May 2023, and it ...
CNBC

Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows

Core PCE prices in April rose 0.2% for the month and 3.3% for the year, against estimates of 0.3% and 3.3%, the Commerce Department reported Thursday. While the annual rates were in line with ...

The Fed's New Leader Thinks Inflation Could Use a Trim

Fed Chair Kevin Warsh favors a new measure of inflation for the Federal Reserve. Changing the benchmark could shift monetary policy.