Fed’s Barr Highlights Rising Core PCE Inflation Amid Strong Consumer Spending

Federal Reserve official warns of higher inflation as new tariffs coincide with robust consumer demand.

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Terms & Concepts
  • Core PCE Inflation: A measure of inflation that excludes volatile food and energy prices, used by the Federal Reserve to assess underlying price trends.
  • Tariffs: Taxes imposed on imported goods, often used as a trade policy tool that can influence domestic prices and inflation.