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PCE inflation index hit 4.1% in May

May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more.

Jun 25 (03:24)

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Axios: AI leaders planning "day after" scenarios

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Delta slashes 2026 profit outlook

Fort Hood gunman execution to be livestreamed

Fort Hood gunman execution to be livestreamed

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Secret Service director on new threats

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Alabama emergency management director on Isaias

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How specialists are finding lost pets

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Virginia police rescues man amid house fire

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"Cupertino" premieres on CBS

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New details on NYC ICE shooting amid outrage

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Man in custody after being shot by ICE in NYC

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Isaias lashing Gulf Coast ahead of landfall

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Hurricane Isaias halts oil production

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Forecaster moves 18 House races toward Democrats

Doctor unpacks Christa Pike's botched execution

Doctor unpacks Christa Pike's botched execution

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