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

Expected market reaction

Bullish Confidence 60% How confidence is read Horizon: Short term Impact: Low

Evidence

Source CNBC

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

AI inference Bullish · 60%

Generated 2026-06-25 12:40

Analysed by Rule-Based Analysis not AI Methodology v1.0 Generated Jun 25, 2026 15:40

Technical identifiers

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

Original article published by CNBC on June 25, 2026. Analysis and insights provided by AnalystMarkets AI.

Rule-Based Analysis · 34.2% correct across 732 scored calls on equities See the full record