<p>The Federal Reserve's preferred inflation indicator, the PCE price index, has risen moderately, alleviating some concerns about inflation. This comes after other data showed that progress against inflation has not only stalled but even reversed. At the same time, consumer spending has declined. Federal Reserve officials stated that they need to see a significant slowdown in inflation before they will consider lowering interest rates again, especially given the uncertainty regarding how President Trump's policies will affect prices. Meanwhile, the significant decline in spending data may raise market concerns about the resilience of the U.S. economy</p>

<p>The U.S. PCE price index rose moderately, alleviating some inflation concerns, but consumer spending has declined. Federal Reserve officials stated that they would consider interest rate cuts only after seeing a significant slowdown in inflation, especially given the uncertainty of price impacts from Trump's policies. A significant drop in spending data may raise market concerns about the resilience of the U.S. economy</p>

Quick Interpretation of U.S. PCE Data