Live Feeds
● LIVE Updated 27d ago · 19 sources tracked

PCE report: Fed's preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play

The Personal Consumption Expenditures price index rose at an annual rate of 4.1% in May. Core inflation reached 3.4%, the highest level since October 2023. These figures have increased expectations for potential interest rate hikes.

RSS Source map (19)

What changed

May inflation data shows the fastest price increase in three years.

Live updates

  1. Fed's Preferred Inflation Gauge Hits 3-Year High in May

    The Personal Consumption Expenditures price index rose at an annual rate of 4.1% in May. Core inflation reached 3.4%, the highest level since October 2023. These figures have increased expectations for potential interest rate hikes.

    What's confirmed:

    • The Personal Consumption Expenditures price index rose at an annual rate of 4.1%
    • The core inflation rate hit 3.4% in May, the highest since October 2023
    • The Fed's preferred inflation gauge reached a three-year high in May

    Still unconfirmed:

    • Inflation accelerated in May because the Iran War pushed up prices
    • Chair Kevin Warsh may hike rates by October to cool prices
    • Oil prices are falling even as inflation reports fuel interest rate concerns
    confidence 95%