CNN CNN Newsroom June 4, 2024 14:49:00
Just in this morning, perhaps some good economic news, a key economic report shows that prices rose at a slower pace last month. >> cnn chief business correspondent christine romans joining us now. so this is often called the fed's favorite inflation gauge. what does it tell us about future rate hikes? >> it tells us that price hikes are slowing and that's a good thing. this is inflation cooling, and that's what you want to see. from month to month prices -- the pce it's called up 0.1%, year over year up 5%. 5% seems like a big number but that's down from a peak of like 6.3% that we had seen t...