Home › Business & Finance › Core inflation rate hit 3.4% in May, highest since...

Business & Finance

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

CNBC Thursday 25 June 2026, 12:32 UTC 1 min read

Key Points

The personal consumption expenditures price index was expected to show a 4.1% annual increase, according to the Dow Jones consensus. This is breaking news. Please refresh for updates.

The personal consumption expenditures price index was expected to show a 4.1% annual increase, according to the Dow Jones consensus. This is breaking news. Please refresh for updates. The personal consumption expenditures price index was expected to show a 4.1% annual increase, according to the Dow Jones consensus. This is breaking news. Please refresh for updates.

Fed (ORG) Dow Jones (ORG)

Originally published by CNBC Read original →

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand June 25 : Micron Technology edged past the market valuation of Meta Platforms and briefly Tesla's for the first time on Thursday, after the memory chipmaker's solid forecast helped extend its AI-driven ascent. The company's shares were last up 18.4 per cent at $1,236, giving it a market capitalization of $1.398 trillion, compared with Meta's $1.392 trillion. Tesla had a market value stood of $1.4 trillion.

Channel News Asia 39m ago

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

Related Stories

Marianne Lake, a Potential Dimon Successor, Leaves JPMorgan

Getting to the World Cup Final Without Losing Your Mind

A $600,000 Ferrari? How healthcare scam artists are laughing at the rest of us.

Micron overtakes Meta, Tesla in market value amid relentless AI infrastructure demand