Next Friday, core PCE data will reveal clues to the Federal Reserve's inflation target

According to reports, US Treasury Secretary Benson predicted that inflation may rebound to around the Federal Reserve's 2% target by the middle of this year, possibly referring to the Personal Consumption Expenditures (PCE) price index. Due to the government shutdown, the latest data shows a core PCE inflation rate of 2.8% in November last year. The core PCE price index for December will be released on February 20th, and it is predicted that the core inflation rate will still be 2.8%. The January data still needs time to be released, and historical data shows that the average increase in CPI is usually about 0.5 percentage points higher than PCE.