May PCE Inflation Report: Headline and Core Results; What the Numbers Mean for the Fed Barron’sCore inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBCUS consumer spending picked up in May as inflation hit 3-year high Business PostInflation topped 4% in May, but the worst may be over CNNPCE report: Fed’s preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play Yahoo Finance