Quick Review of US PCE Data

U.S. consumer spending in January saw almost no growth, indicating that household demand remains weak under persistent inflationary pressures. Although the data is lagging, it intensifies concerns about inflation. In the coming months, tax refunds and wage growth are expected to provide some support for consumers' financial situations. However, economists believe that, given the higher inflation risks stemming from the Middle East conflict and a fragile job market, future consumption still faces pressure. While Federal Reserve officials generally expect to keep interest rates unchanged at next week's policy meeting, if inflationary pressures continue to rise, the timing of rate cuts may be delayed, while Trump continues to call for rate cuts