PCE report: Fed’s preferred inflation measure hits 3-year high, keeping talk of possible rate hike in play Yahoo FinanceNasdaq dragged lower by Apple, Dow notches record as market divides: Live updates CNBCCore inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBCFed’s Favorite Gauge Is Seen Showing Faster Inflation Bloomberg.com