core inflation rate
Coverage of core inflation rate in the Nexus archive.
- Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The core inflation rate rose to 3.4% in May, marking the highest level since October 2023, according to the Federal Reserve’s preferred measure. The personal consumption expenditures price index was projected to show a 4.1% annual increase.
- Bessent flips script on shouting Democrat: 'No wonder people are leaving' his blue state
Treasury Secretary Scott Bessent and Rep. Brad Schneider engaged in a heated exchange during a House hearing, with Bessent criticizing Illinois' economic policies for driving people away and countering Schneider's claims about rising prices. The discussion included debates over inflation rates and Trump's IRS settlement.
- Bessent flips script on shouting Democrat: 'No wonder people are leaving' his blue state
Treasury Secretary Scott Bessent and Rep. Brad Schneider clashed during a House Ways and Means Committee hearing over economic policies and rising commodity prices. Bessent accused Illinois of driving people away through its policies, while Schneider blamed Trump-era tariffs for cost-of-living increases.