Fed’s preferred inflation measure rose 4.7% in May, around multi-decade highs
Core personal consumption expenditures prices rose 4.7% from a year ago, 0.2 percentage points less than the previous month but still around levels last seen in the 1980s. On monthly basis, the measure, which excludes volatile food and energy prices, increased 0.3%, slightly less than the 0.4% Dow Jones estimate. While personal income rose 0.5% in May, ahead of the 0.4% estimate, income after taxes and other charges, or disposable personal income, declined 0.1% on the month and 3.3% from a year ago. Goods inflation rose 9.6% while services prices were up 4.7%, both up 0.1 percentage points from April. The personal saving rate edged higher, rising to 5.4%, up 0.2 percentage points from the previous month.
cnbc.comVanessa Guillen’s family, friends celebrate her 21st birthday with march
HOUSTON, Texas – Family members, friends and supporters celebrated the life of slain Fort Hood soldier Vanessa Guillen with a march. Five months after Guillen’s death, family members say they are still waiting for justice. Just weeks later, her remains were found in a shallow grave 20 miles east of Fort Hood. One of the suspects in Guillen’s murder fatally shot himself after being identified by law enforcement officials. The other suspect is in custody and charged in connection with Guillen’s disappearance.