The personal consumption expenditures (PCE) index showed that prices were unchanged from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.6%. Both of those figures are in line with expectations.

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The Labor Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.{ai:summary}<p>Prices held steady in latest PCE index report, up 2.6% annually, meeting expectations. Stay tuned for more updates. #economy</p>

Inflation measure closely watched by the Fed rises 2.6% in May

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