The Fed's Favorite Inflation Gauge Rose To A Fresh Three-Year High In May

Investopedia·Jun 25

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

The fed's favorite inflation gauge rose to a three-year high in May, amid an energy price shock and potentially influenced by gas prices. The increase has sparked discussion about the potential impact on interest rates. The situation has left the fed seemingly uncertain about its next steps on interest rates.

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