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Fed's Favorite Inflation Gauge Hits 3-Year High, Fueling Rate-Hike Bets (UPDATED) | WAPE

Newsbenzinga

Fed's Favorite Inflation Gauge Hits 3-Year High, Fueling Rate-Hike Bets (UPDATED)

Jun 25, 2026, 09:37 ET · Published

Article summary

PCE inflation rose further in May, reinforcing bets the Fed hikes rates by October as Chair Kevin Warsh keeps policy tight to cool prices.

An excerpt from the original article.

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