Odaily News Peter Cardillo, chief market economist at Spartan Capital Securities, said that the suggestion that inflation could rise further was basically confirmed in today's data, and the tricky part here is the core PCE. This means that the Fed is likely to pause its rate cuts at the next meeting. The Fed is more likely to pause its rate cuts than ever before. Consumption remains strong, and we have seen this in other macro indicators. What we have now is that the economy is running fairly well, but inflation remains a problem, and the core PCE continues to be somewhat high. This is a worrying issue, which means that the Fed may pause its rate cuts next week. (Jinshi)