US Statistics Agency to Revise Inflation Gauge, Potentially Lowering Fed's Preferred Measure

The U.S. Bureau of Economic Analysis (BEA) is reportedly overhauling its methodology for calculating price increases in certain economic sectors. This revision is anticipated to result in lower readings for the Personal Consumption Expenditures (PCE) inflation, which is the Federal Reserve's preferred measure. Such a change could alleviate some pressure on policymakers regarding future interest rate hikes.