PCE report: Fed’s preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play Yahoo FinanceCore inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBCInflation topped 4% in May, but the worst may be over | CNN Business CNNUS consumer spending picked up in May as inflation hit 3-year high Business PostFed’s Favorite Gauge Is Seen Showing Faster Inflation Bloomberg
