The BEA’s core Personal Consumption Expenditures (PCE) Price Index for May shows that core inflation continues to be above the Federal Reserve’s 2% long-term target at 2.6%. The May core Consumer Price Index (CPI) release was higher, at 3.4%. The Fed is on record as using core PCE data as its primary inflation gauge. For a [...] The post Two Measures of Inflation: May 2024 appeared first on ETF Trends .