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   News alert: Inflation hits 3.8% in April
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   The highest annual rate in nearly three years.
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               U.S. inflation rose to 3.8% in April, 
the highest rate in nearly three years
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              The PCE price index — the Federal Reserve's preferred inflation gauge — rose 3.8% in April from a year earlier, the Bureau of Economic Analysis reported Thursday, extending three straight months of acceleration. Energy costs tied to the Middle East conflict are a primary driver, and the streak is
already casting doubt on whether the Fed will cut rates at all this year. Markets now put the odds of a December rate hike at 40%, up from just 3% at the time of the June meeting.
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                   848 N. Rainbow Blvd. 3017 Las Vegas, NV 89107 United States
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