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Powell: Tariffs have pushed up prices of some goods
Summary: According to sources, Federal Reserve Chairman Powell stated that the year-on-year increase in core personal consumption expenditures (PCE) in June may be 2.7%. Inflation, although easing compared to 2022, remains high. Most long-term inflation expectations indicators are in line with the Fed's target. Tariffs have pushed up prices of some goods. Inflation may be temporary ...
According to sources, Federal Reserve Chairman Powell stated that the year-on-year increase in core personal consumption expenditures (PCE) in June may be 2.7%. Inflation, although easing compared to 2022, remains high. Most long-term inflation expectations indicators are in line with the Fed's target. Tariffs have pushed up prices of some goods. Inflation may be temporary or more persistent.
