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Key inflation gauge surges to 3-year high, mortgage rates up

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The Associated Press
June 27, 2026
Mortgage RatesSource: GNews

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his politica

The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his politica...

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Originally published by The Associated Press

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