Federal Reserve Chairman Powell expects a 2.7% increase in core personal consumption expenditures for June

According to BlockBeats, Federal Reserve Chairman Jerome Powell indicated that core personal consumption expenditures (PCE) for June may have increased by 2.7% year-on-year. While inflation has decreased compared to 2022, it remains high. Most long-term inflation expectations indicators align with the Federal Reserve's targets.

Tariffs have contributed to rising prices for some goods. Inflation may be temporary or could potentially be more persistent.