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 report could fuel concerns over higher interest rates, even as oil prices fall NBC NewsKey inflation gauge jumps to 3-year high in latest sign of affordability challenges AP NewsUS Consumer Spending Picks Up as Inflation Hits Three-Year High Bloomberg.com