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CNBC

25 Jun 2026, 12:32 UTC · 3h ago

Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

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Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

What the story claims

5 claims · each scored for market impact

What matters in this story

1
The Federal Reserve has removed a previously indicated rate cut for this year and signaled the likelihood of a rate hike. — A shift from expected cuts to potential hikes is a primary driver of higher discount rates and lower equity valuations.
-0.90
2
The core PCE price index rose to a 3.4% annual rate, the highest level since October 2023. — Sticky inflation in the Fed's preferred gauge justifies a restrictive monetary policy and delays potential easing.
-0.70
3
Consumer spending rose 0.7% for the month, exceeding both forecasts and the inflation rate. — Stronger-than-expected spending adds to inflationary pressure and gives the Fed more room to keep rates high.
-0.40
4

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Core inflation rate hit 3.4% in May, h… | NewsImpactScreener

Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

What matters in this story

Core PCE, GDP, Durable Goods & Impact to Fed's Interest Rate Expectations

Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

What matters in this story

Core PCE, GDP, Durable Goods & Impact to Fed's Interest Rate Expectations

Track these names every morning.

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Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

What matters in this story

Next reads from the same story arc

Core PCE, GDP, Durable Goods & Impact to Fed's Interest Rate Expectations

Core inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows

What matters in this story

Next reads from the same story arc

Core PCE, GDP, Durable Goods & Impact to Fed's Interest Rate Expectations

Track these names every morning.

Impact by category

Biggest drivers

Most positively impacted

Most negatively impacted

Gold prices struggling as U.S. economy remains resilient and inflation fears cool

Agnico Eagle vs. Barrick Mining: Which Gold Miner is Shining Brighter?

Fed's favored inflation gauge accelerated in May amid energy price shock

The Newest Federal Reserve June Inflation Forecast Is a Good News-Bad News Scenario for Wall Street

2 Preferred Shares Paying 7%+ When The Market Panics