The Fed's preferred inflation gauge shows prices rising at fastest pace in 3 years

The Fed's preferred inflation gauge shows prices rising at fastest pace in 3 years CBS News Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows CNBC Americans are still shopping, despite climbing energy costs Axios Inflation Accelerated in May as Iran War Pushed Up Prices The New York Times Consumers are still ‘begrudgingly’ spending more money as inflation rises The Washington Post