Business & Economy · 1 views

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.

Source CNBC AI Summary Updated 51m ago

Story intelligence Beta

Freshness Fresh Updated 51m ago

Confidence Limited Single-outlet story

Coverage Single outlet

Views 1 Community interest

Read time 1 min ~14 words

AI Summary

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

AI summaries can be wrong sometimes—always verify important details using the source article.