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Why the Federal Reserve may raise interest rates this year
The Federal Reserve's preferred inflation gauge reached 4.1% in May, the highest level in over three years. Greg Robb from MarketWatch provides analysis on why the Fed may raise interest rates this year.
Related Signal
Adjacent reporting
- Fed's preferred inflation gauge hits highest level since 2023
- Eurozone inflation rises to 3.2% in May as ECB prepares to raise rates
- Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
- UK Inflation Rose to 3.3% in March
- Canada's inflation rate rose to 3.2% in May
- Key inflation gauge worsens, eroding Americans’ income and spending power