
US Inflation Hits Three-Year High in May, Driven by Gas and Tech Costs
US inflation, measured by the Federal Reserve's preferred PCE index, rose to a three-year high of 4.1% in May, fueled by rising gas prices and demand for semiconductors. This surge, coupled with increased consumer spending and incomes, could complicate political prospects for Donald Trump and his party ahead of midterm elections, as the Federal Reserve considers interest rate hikes.

















