England white-ball opener Phil Salt's bat, which he used in the last two years including in the Indian Premier League, was initially deemed "to have failed an on-field gauge test" but later ...

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WASHINGTON — A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans also cut back on their spending last month.

The Commerce Department released the PCE inflation report for May which found the Federal Reserve's favored inflation gauge ticked slightly higher to 2.3%.

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.

The Federal Reserve’s preferred inflation gauge showed underlying price pressures starting to heat up slightly in May as spending cooled, trends that economists and policymakers warned could ...