Key inflation gauge tracked by the Fed remains a high 6.3%

Key inflation gauge tracked by the Fed remains a high 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April.
Thursday’s report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American households and inflicting particular harm on low-income families and people of color.
The government’s report…

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