Federal Reserve Governor Christopher Waller indicated that both headline and core Personal Consumption Expenditures (PCE) inflation figures may be overstating actual inflation levels. He stated that upcoming revisions could potentially lower the 12-month PCE by a few tenths of a percentage point. Waller described the recent improvement in the three-month core inflation rate as « encouraging, » while downplaying the impact of energy prices and tariffs on ongoing inflation pressures.
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