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

PCE report: Fed's preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play — Live Feedhttps://www.live-feeds.com/feed/pce-report-fed-s-preferred-inflation-measure-hits-3-year-high-keeping-talk-of-possible-rate-hike-in-playContinuously updated, source-cited coverage. Fed's Preferred Inflation Gauge Hits 3-Year High in Mayhttps://www.live-feeds.com/feed/pce-report-fed-s-preferred-inflation-measure-hits-3-year-high-keeping-talk-of-possible-rate-hike-in-playhttps://www.live-feeds.com/feed/pce-report-fed-s-preferred-inflation-measure-hits-3-year-high-keeping-talk-of-possible-rate-hike-in-play#u18261Tue, 30 Jun 2026 04:06:25 +0000The 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 2023The Fed's preferred inflation gauge reached a three-year high in MayStill unconfirmed:Inflation accelerated in May because the Iran War pushed up pricesChair Kevin Warsh may hike rates by October