May US PCE inflation tops 4%, leaves Fed hike on the table Reuters Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBC Inflation report could fuel concerns over higher interest rates, even as oil prices fall NBC News US Consumer Spending Picks Up as Inflation Hits Three-Year High Bloomberg.com Key inflation gauge jumps to 3-year high in latest sign of affordability challenges AP News
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