When it comes to professionalism, Bloomberg is still the best. Today’s exaggerated PPI led them to calculate that the core PCE is approximately 0.28 based on the CPI and PPI! Of that, 0.11 comes from financial services (related to the stock market rise). If we exclude financial services, it’s 0.17 month-on-month. Goods related to tariffs are experiencing deflation, that’s right, deflation, not inflation. Will there be an error in the 0.28 prediction? Yes, but it won’t be significant, around 0.02.