May US PCE inflation tops 4%, leaves Fed hike on the table

May US PCE inflation tops 4%, leaves Fed hike on the table Reuters Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBC Consumers are still ‘begrudgingly’ spending more money as inflation rises The Washington Post Americans are still shopping, despite climbing energy costs Axios Key inflation gauge jumps to 3-year high in latest sign of affordability challenges AP News