Market Analysis: Rising Core PCE Poses Challenges for Fed Doves

Odaily reported that the American financial website investinglive stated: This report poses a problem for the doves within the Federal Reserve. The overall data largely met expectations, but upon closer inspection, the core PCE has recorded a month-on-month increase of 0.4% for two consecutive months. If similar data persists for a few more months, the inflation rate will quickly approach 2%, and these figures will still be factored into year-on-year calculations over the next 10 months. Additionally, an energy price shock is imminent. (Jin10)