June 30, 2022 12:55 GMT
MNI BRIEF: U.S. May PCE Price Index Climbs 6.3%
(MNI) Washington
(MNI) Washington
True
The Federal Reserve's preferred measured of inflation, the PCE price index, rose 6.3% in the year to May, the Commerce Department said Thursday, while core PCE inflation rose 4.7%.
Former Fed officials tell MNI they are worried inflation expectations have already become unanchored.
43 words