The core inflation indicator of the Federal Reserve remains high, and interest rate cuts may be hindered in the short term

The core PCE price index in the United States recorded an annual rate of 3.0% in February, which is still far from the Federal Reserve's 2% target; The final annualized quarterly rate of actual GDP in the fourth quarter was 0.5%, and the number of initial jobless claims for the week ending April 4th was 219000. The Federal Reserve regards the PCE index as a barometer of inflation trends, and the latest data and soaring oil prices indicate that inflation may further rise in the short term, and lowering interest rates in the coming months may be hindered.