New PCE Data Shows Inflation Inching Higher in May, Consumer Spending Dips — RISMedia
By: Devin Meenan | Published: 2025-06-27 17:27:00 | Source: www.rismedia.com
At the latest Federal Reserve Board of Governors meeting, the board voted to keep rates unchanged. Fed Chair Jerome Powell said following the decision that the economy is on solid footing and the Fed intends to wait and see, with impacts of proposed tariffs likely to show up over the summer.
As economists wait for those impacts to fully materialize, the latest inflation data released Friday shows the rate rising slightly more than expected.
The Bureau of Economic Analysis’s Personal Consumption Expenditure (PCE), the Fed’s preferred method of measuring inflation, posted a 0.1% increase April to May 2025, which puts the annual inflation rate at 2.3%. This means inflation has inched slightly further away from the Fed’s long-maintained goal of…
