Feds preferred inflation measure rose 4.7%

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Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs

Core personal consumption expenditures prices, excluding food and energy, rose 4.7% from a year ago, slightly less than expected.

Headline inflation remained strong, rising 0.6% on the month and holding near the highest level since 1982.

Disposable income and inflation-adjusted spending both declined on the month.

Weekly jobless claims totaled 231,000, a slight decline from the previous period.

https://www.cnbc.com/2022/06/30/fed...-4point7percent-in-may-near-40-year-high.html