Inflation

Federal Reserve’s Preferred PCE Inflation Ticks Up Slightly

Core inflation, a gauge that removes food and prices, came in higher than expected.
Federal Reserve’s Preferred PCE Inflation Ticks Up Slightly
People shop for groceries at a store in Mount Laurel, N.J., on Feb. 5, 2025. Samira Bouaou /The Epoch Times
Andrew Moran
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The Federal Reserve’s preferred inflation measure rose in May, a reading that could influence the U.S. central bank’s timing of interest rate cuts.

New Bureau of Economic Analysis data, released on June 27, show that inflation in the personal consumption expenditures (PCE) price index ticked up to 2.3 percent last month from an upwardly revised 2.2 percent in April.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."