Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows

By: The personal consumption expenditures price index, the Fed’s primary inflation reading, rose a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 2.3%. Excluding food and energy, core PCE posted respective readings of 0.2% and 2.7%, compared with estimates for 0.1% and 2.6%. Consumer spending and income showed further signs of…

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Sheriff’s sergeant charged with pandemic-era unemployment fraud in N.H., faces potential prison time

Chris M. Lamb, a sergeant with the Carroll County Sheriff’s Office, faces up to 15 years in prison, according to the New Hampshire attorney general’s office. A sergeant with the sheriff’s office in Carroll County, N.H., has been indicted on allegations of unemployment compensation fraud, theft, and falsifying physical evidence, authorities said Monday.Chris M. Lamb,…

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