# Fed’s Favorite Inflation Gauge Comes in Hot, Snowflake Beats AI Doomsday Narrative

Page: https://stenobird.com/podcast/the-rundown-6758831/fed-s-favorite-inflation-gauge-comes-in-hot-snowflake-beats-ai-doomsday-narrative
Text version: https://stenobird.com/podcast/the-rundown-6758831/fed-s-favorite-inflation-gauge-comes-in-hot-snowflake-beats-ai-doomsday-narrative.md
Podcast: [The Rundown](https://stenobird.com/podcast/the-rundown-6758831)
Published: 2026-05-28T16:30:51+00:00
Episode link: https://podcasters.spotify.com/pod/show/the-rundown6/episodes/Feds-Favorite-Inflation-Gauge-Comes-in-Hot--Snowflake-Beats-AI-Doomsday-Narrative-e3k1a2b
Audio file: https://traffic.megaphone.fm/APO4777133078.mp3
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Duration seconds: 656

## Resource

Market update for May 28, 2026. Check out the Public app for incredible investing tools and to support the show ( LINK ) Follow us on Instagram ( @TheRundownDaily ) for bonus content and instant reactions. In today’s episode, Zaid covers: April PCE inflation hitting 3.8%, its hottest reading since 2023 Meta charging for AI and rolls out paid subscriptions for Instagram, Facebook, and WhatsApp Salesforce beat on earnings but the stock barely moves Snowflake pops on a blowout quarter and a $6B Amazon deal Fun fact: just 10 companies now make up almost 40% of the entire S&P 500

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## Transcript

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