Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
Why the Fed's Preferred Inflation Gauge Hit Its Highest Since 2023
Core PCE inflation hit 3.4% in May 2026, the highest since October 2023. Lucas and Luna break down why this matters more than CPI, how it complicates the Fed's rate-cut timeline, and what it means for your monthly budget. They look at the breakdown—services inflation staying hot, goods disinflation fading—and why the Fed's preferred metric is giving a different signal than the headline CPI number. Plus, a quick look at how rising energy costs from geopolitical tensions in the Strait of Hormuz are feeding into the inflation picture. If you've been confused why inflation…
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