Powell: Tariffs Have Driven Up the Prices of Certain Goods
According to ChainCatcher, market sources report that Federal Reserve Chair Jerome Powell stated that the year-on-year increase in core Personal Consumption Expenditures (PCE) for June may reach 2.7%. While inflation has eased compared to 2022, it remains elevated. Most long-term inflation expectation indicators are in line with the Fed's target.
Tariffs have driven up the prices of certain goods. Inflation may prove to be temporary, or it could persist for a longer period.
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