Tonight, the US PCE data may unexpectedly rise, adding uncertainty to the prospect of the Federal Reserve cutting interest rates BlockBeats News: On March 13th, at 20:30 Beijing time on Friday, the United States will release January PCE data. The market expects PCE to rise 2.9% year-on-year and 0.3% month on month; The core PCE may rise to 3.1% year-on-year, marking the largest increase since April 2024. Analysis suggests that although recent CPI data has shown some easing of inflationary pressures, the higher weighting of PCE in commodity prices may drive up core PCE due to the rise in prices of some commodities such as software and jewelry. If the year-on-year core PCE is significantly higher than CPI, the gap between the two may reach the largest level in decades. Due to the Federal Reserve's focus on PCE indicators when formulating policies, the rebound in inflation may weaken expectations of interest rate cuts within the year. At the same time, the Middle East conflict has pushed up oil prices and may further raise energy, transportation, and food costs, bringing new upward risks to future inflation trends.