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US Fed’s preferred inflation gauge hits fresh three-year high
The personal consumption expenditures prices index jumps 4.1 per cent from a year ago. Read more at straitstimes.com. Read more at straitstimes.com.
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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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cnbc.com
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
