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US Fed's preferred inflation gauge hits fresh three-year high
WASHINGTON: The US Federal Reserve's preferred inflation measure hit a fresh three-year high in May, as elevated energy prices from President Donald Trump's Iran war pose a key test to his Republican Party ahead of midterm elections.The personal consumption expenditures (PCE) prices index jumped 4.1 per cent
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apnews.com
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Trump as…
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washingtonexaminer.com
Inflation rose to 4.1% in May in Fed’s preferred gauge
Inflation rose three-tenths of a percentage point to 4.1% for the year ending in May, the Bureau of Labor Statistics reported.
