Finance 3h ago 1 min read
The BEA said May headline PCE inflation rose 4.1% from a year earlier, while core PCE reached 3.4%. Monthly PCE prices increased 0.4%, keeping the Fed’s preferred inflation gauge well above its 2% target.
The BEA said May headline PCE inflation rose 4.1% from a year earlier, while core PCE reached 3.4%. Monthly PCE prices increased 0.4%, keeping the Fed’s preferred inflation gauge well above its 2% target.