Powell: Tariffs have raised the prices of some goods

ChainCatcher news, according to market news, Federal Reserve Chairman Powell stated that the year-on-year increase in core personal consumption expenditures (PCE) for June may be 2.7%. Although inflation has eased compared to 2022, it remains high. Most long-term inflation expectation indicators are in line with the Federal Reserve's target.

Tariffs have pushed up the prices of some goods. Inflation may be temporary or more persistent. (Jin Ten)