According to BlockBeats, Federal Reserve Chair Jerome Powell has indicated that the core Personal Consumption Expenditures (PCE) for June may have increased by 2.7% year-over-year. While inflation has eased compared to 2022, it remains elevated. Most long-term inflation expectation indicators align with the Federal Reserve's targets.
Tariffs have contributed to higher prices for certain goods. Inflation could be temporary or potentially more enduring.