Dossier
Mark Vitner
Coverage of Mark Vitner in the Nexus archive.
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve's preferred inflation gauge rose to a three-year high in May, driven by higher gas prices and AI-related computer equipment costs. Core prices increased 3.4% annually, the largest rise since October 2023, while the Fed has kept rates unchanged this year amid concerns about underlying inflation.