Federal Reserve Chair Jerome Powell said inflation has remained “somewhat elevated” due to the impact from tariffs. “These readings are higher than earlier in the year, as inflation for goods has picked up, reflecting the effects of tariffs,” he said, citing the rise in PCE and core PCE. Find more from Powell's remarks: cnb.cx/4oNCWTA | CNBC

Fed Chair Jerome Powell breaks down the impact of tariffs on inflation, saying that the "pass-through to consumers has been later and less than we expected." | Yahoo Finance