 I'm Jerry Willis, and this is the Fox Business Report. Inflation cooled last month. The PCE, Personal Consumption Expenditures Index, was flat in May. Core PCE, excluding food and energy, rose just one-tenth of a percent. With the year ending in May, both the PCE and core PCE were up 2.6%. The numbers indicate there's progress on inflation, but it's still not down to the Federal Reserve's goal of 2%.