Inflation measure closely watched by the Fed rises 2.6% in May

Labor Department releases closely watched inflation data

Inflation measure closely watched by the Fed rises 2.6% in May
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Stagnant inflation marks a 'historically good' time to invest in equities, analyst says

Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.

The personal consumption expenditures (PCE) index showed that prices were unchanged from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.6%. Both of those figures are in line with expectations.

This is a developing story. Please check back for updates.

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