US May PCE inflation rises 4.1%, keeping Fed hike in play — Live Feedhttps://www.live-feeds.com/feed/us-may-pce-inflation-rises-4-1-keeping-fed-hike-in-playContinuously updated, source-cited coverage. US May PCE Inflation Hits 4.1%, Highest Level in Three Yearshttps://www.live-feeds.com/feed/us-may-pce-inflation-rises-4-1-keeping-fed-hike-in-playhttps://www.live-feeds.com/feed/us-may-pce-inflation-rises-4-1-keeping-fed-hike-in-play#u18598Tue, 30 Jun 2026 09:11:48 +0000The Federal Reserve's preferred inflation gauge rose to 4.1% year-on-year in May. This increase was driven by an energy price shock linked to conflict in the Middle East. Strong consumer spending continues despite these rising costs.What's confirmed:The May PCE price index rose 4.1% year-on-year.The core PCE price index, excluding food and energy, rose 3.4% year-on-year.The annual PCE rate hit its highest level in three years.Middle East conflict boosted energy prices and pushed up inflation in May.The May PCE month-on-month rate was 0.4%.The core PCE month-on-month rate was 0.3%.Still un