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Fed's Favorite Inflation Gauge Hits 3-Year High, Fueling Rate-Hike Bets
PCE inflation rose further in May, reinforcing bets the Fed hikes rates by October as Chair Kevin Warsh keeps policy tight to cool prices.
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forbes.com
Key Inflation Measure Neared 3-Year High In May
Traders anticipate the central bank hiking interest rates amid high inflation.
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nbcnews.com
Inflation report could fuel concerns over higher interest rates, even as oil prices fall
The Personal Consumption Expenditures index is the Fed’s favorite gauge of price increases.
