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Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

By Jeff Cox via CNBC Inflation held at stubbornly high levels in May, though the monthly increased was slightly less than expected, according to a Commerce Department gauge closely watched by the Federal Reserve. Core personal consumption expenditures prices rose 4.7% from a year ago, 0.2 percentage point less than the previous month but still around levels […]

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