Core PCE Inflation Hits a 9-Month High in May
Inflation, as measured by the Federal Reserve's preferred gauge—the core Personal Consumption Expenditures (PCE) index—rose to 3.41% year-over-year in May 2026, marking its highest level in nine months and reversing much of the progress made since October 2025. The data suggests persistent inflationary pressures may limit future Fed rate cuts.
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Topics: consumer spending Fed policy inflation PCE data