June 28, 2026

Budget, Personal Loans

Fed’s Preferred Inflation Gauge Hits 4.1% in May, Core Climbs to 3.4%

A busy supermarket checkout lane in soft daylight with a wire shopping cart full of groceries beside several brown paper bags and a long printed cash register receipt unspooling onto the conveyor belt, shoppers and a price display blurred in the background

The Fed's preferred inflation gauge rose in May, with headline PCE at 4.1% and core at 3.4%, the highest in years, reinforcing a hawkish hold and a steady 6.75% prime rate.

Laura Adams
June 28, 2026