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Expenditures price index, it's a mouthful, increased by 6.3% for the year ending in may. so, what do you think that stands about where exactly inflation stands and how bad it is right now? >> right. well, at least it shows that even though inflation is still high, it's not getting higher. probably the better news within that release is that the core pce, which is the measure that strips out food prices and energy prices rose 4.7% over the year, which is a little lower than it's been in previous months. so that is, you know, a hopeful sign that inflation can be slowing down. the personal consum...

A key inflation gauge heavily relied on by the Federal Reserve when setting interest rates inched down in May but remained elevated near multi-decade highs at a level more than twice the central bank's inflation target, suggesting the Fed's fight to relieve price pressures will be drawn out.

Gold prices held firm Friday in London, heading for a weekly gain as global stock markets finally found a floor after sinking on the US Fed's steepest rate hike since 1994

I think it's going to i think land with the american people in a way that might not change minds but will certainly breakthrough. >> i'll say the same thing about the gun debate. what's the heart of coming into a conversation with an open mind. watch, listen, see. when we come back, russia making key gains in ukraine on this day 100 of the war. age-related macular degeneration may lead to severe vision loss. and if you're taking a multivitamin alone, you may be missing a critical pce. preservision. preservision areds 2 contains the only clinically oven nutrient formula recommeed by the natio...

Did government spending drive US inflation? The answer isn't so simple.