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InflationFed's Preferred Inflation Gauge Hits 4.1% — Highest Level in Three YearsDebtSAVE Student Loan Plan Closes July 1 — 7.5 Million Borrowers Have 90 Days to Pick a New OptionMoney ToolsIRS: Family Contributions to Children's 'Trump Accounts' Won't Trigger Gift Tax FilingMortgage & Housing30-Year Mortgage Rate Edges Up to 6.49%, Holding in a Narrow Range for Six WeeksEconomyFed Holds Rates at 3.5%–3.75% Under New Chair Warsh, Opens Door to a Possible HikeInflationFed's Preferred Inflation Gauge Hits 4.1% — Highest Level in Three YearsDebtSAVE Student Loan Plan Closes July 1 — 7.5 Million Borrowers Have 90 Days to Pick a New OptionMoney ToolsIRS: Family Contributions to Children's 'Trump Accounts' Won't Trigger Gift Tax FilingMortgage & Housing30-Year Mortgage Rate Edges Up to 6.49%, Holding in a Narrow Range for Six WeeksEconomyFed Holds Rates at 3.5%–3.75% Under New Chair Warsh, Opens Door to a Possible Hike
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Today’s Lead Story
Tuesday, June 30

Inflation

Fed's Preferred Inflation Gauge Hits 4.1% — Highest Level in Three Years

via Bureau of Economic Analysis

The BEA's May 2026 report shows the PCE inflation index climbed 4.1% over the prior year — a three-year high — while core PCE rose 3.4% and the personal savings rate fell to 3.0%. Personal income and spending each rose 0.7% during the month.

Why it matters

With the Fed's preferred inflation measure still well above its 2% target, high borrowing costs on credit cards, auto loans, and mortgages are likely to persist.

See all today’s storiesRead source

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