 Inflation has eased notably over the past couple of years, but remains above the Federal Open Market Committee's longer-run goal of 2%. Total personal consumption expenditures prices rose 2.6% over the 12 months ending in May. This is before the Senate Banking Committee. Power's back on for a few people, but not for about 2.2 million homes and businesses in Texas after Hurricane Beryl. America's listening to Fox News.