Market Analysis: Continued increases in core PCE are detrimental to the Fed's dovish stance.

The US financial website InvestingLive stated that this report is problematic for doves within the Federal Reserve. While the overall data largely met expectations, a closer look reveals that core PCE has recorded a 0.4% month-over-month increase for two consecutive months. If similar data continues for several more months, the inflation rate will quickly approach 2%, and these figures will still be included in year-over-year calculations over the next 10 months. Furthermore, an energy price shock is also looming. (Jinshi)