Spread the love The Federal Reserve’s preferred inflation gauge just delivered another reminder that inflation has not been defeated. The Personal Consumption Expenditures (PCE) Price Index rose 4.1% year-over-year in May, the highest annual reading in three years, after climbing 0.4% during the month alone. Even stripping out food and energy, the so-called “core” PCE … Continue reading Inflation Remains Undefeated