• Tom Lee said on Friday that September inflation revisions could show the Fed tightened too early.

• Revised PCE methodology may lower core inflation readings by 0.2 to 0.4 points.

• Lee claimed the gap’s causes didn’t affect most households. “The average person, the only real expense they have for memory is the phone they’re carrying in their pocket,” Lee said.

A new measure of inflation might shave as much as 0.4 percentage points off of core personal consumption expenditures (PCE), Tom Lee said. The shift, due out Sept. 30, could signal the Fed hiked rates too soon, he said, adding a switch to neutral policy is good for Bitcoin (BTC).

Lee told CNBC on Friday that the government will…