Economy
Key Inflation Gauge Hits 3-Year High as Mortgage Rates Climb
The Fed's preferred inflation gauge surged to 4.1% in May, a three-year high, as mortgage rates hover near 6.5% and the Iran war drives energy costs.
—5 min read
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#Pce
2 articles
Economy
U.S. Inflation Hits 3.8%, Fastest Pace in Three Years
The PCE price index rose 3.8% in April, the fastest since May 2023, driven by energy costs from the Iran war and straining household budgets.
—5 min read