Fed-Favored Inflation Measure Posts Largest Annual Increase in Three Years

The Personal Consumption Expenditures (PCE) price index increased 0.7% in May, as the economy continues to absorb tariff impacts and Iran war-related disruption. Excluding food and energy (so-called “core inflation”), the headline PCE price index increased by 0.3%, according to the latest report from the Bureau of Economic Analysis.  Year-over-year, the PCE price index increased…

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