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May US PCE inflation tops 4%, leaves Fed hike on the table ReutersFed'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 Accelerated in May as Iran War Pushed Up Prices The New York Times
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The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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The Fed's annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
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