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

Odaily Odaily reports that the US financial website InvestingLive states: 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)