Federal Reserve The most closely watched inflation gauge remains elevated, which may hinder efforts to cut interest rates in the coming months

Svmuu News: Shortly before the outbreak of the war in Iran, the inflation indicator most favored by the Federal Reserve. maintained a steady, relatively rapid pace of growth, highlighting the challenges the Federal Reserve. faces in its efforts to curb persistent price pressures. The U.S. core PCE price index for February recorded an annual rate of 3.0%,the final reading of U.S. fourth-quarter real GDP annualized quarterly growth was 0.5%, and initial jobless claims for the week ending April 4 stood at 219,000. Market reaction was muted following the release of this series of economic data. Federal Reserve considers the PCE index to be the most accurate barometer of U.S. inflation trends.The latest data indicates that the inflation rate remains far from the Federal Reserve’s (Federal Reserve) 2% target. Moreover, due to soaring oil prices, inflation is likely to rise further in the short term, and persistently high inflation will also hinder the Federal Reserve (Federal Reserve) from cutting interest rates, at least in the coming months. (Jin Shi)