Key inflation gauge tracked by the Fed remains a high 6.3%

Key inflation gauge tracked by the Fed remains a high 6.3%

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color.The report also said that consumer spending rose at a sluggish 0.2% rate …

Key inflation gauge tracked by the Fed remains a high 6.3% - Odessa American

WASHINGTON A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color.The report also said that consumer spending rose at a sluggish 0.2% rate from Ap…

Key inflation gauge tracked by the Fed remains high at 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in Ap

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April.

Stocks plunge as inflation surges, consumer spending stalls

Stocks slid in early trading Thursday as another decades-high inflation reading and Jerome Powell’s acknowledgment of a heightened recession risk further rattled investor confidence.