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Story summary
- The U.S. Bureau of Economic Analysis will revise price data for portfolio management, legal services and computer software, effective September 30, retroactive to 2021.
- Analysts expect the revisions to lower May 2026 core personal consumption expenditures (PCE) to 3.2%–3.3%.
- The revisions could cut portfolio management impact by 0.1–0.15 points, shave software contribution by 0.05–0.1 points, and raise legal-service costs by 0.04 points.
- UBS warns the revisions were inflation contributors, raising transparency concerns.
