Core PCE continuously rising puts pressure on the Fed's dovish stance

According to Jinshi News, the U.S. financial website investinglive stated that the core PCE has recorded a month-on-month increase of 0.4% for two consecutive months, which is a concern for the doves within the Federal Reserve. If similar data appears for a few more months, the inflation rate will quickly approach 2%. In addition, these data will still be included in the year-on-year calculation over the next 10 months, and the impact of energy prices is also about to arrive.