Inflation measure closely watched by the Fed rises 2.6% in MayJune 28, 2024 at 08:34 AM EDT
The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.
The personal consumption expenditures (PCE) index showed that prices were unchanged from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.6%. Both of those figures are in line with expectations. This is a developing story. Please check back for updates. 
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