<div id="readability-page-1">Inflation proves sticky: Core PCE inflation rose to 3.3% in April, well above the Fed’s 2% target, as energy-related costs ripple through the economy. Rates to stay high: Analysts expect the Fed to maintain elevated borrowing costs until there is stronger evidence of sustained disinflation, delaying rate cuts. Retailers show resilience: Five Below and Target reported sales and store traffic gains, supported by value-focused strategies and customer engagement efforts.</div>

塔吉特

FIVE

<p>核心个人消费支出（PCE）通胀在四月份上升至 3.3%，超过了美联储 2% 的目标，这主要是由于能源成本的影响。因此，分析师预计美联储将维持高利率，直到明显出现持续的通货紧缩，推迟降息。同时，像 Five Below 和 Target 这样的零售商通过以价值为导向的策略，展现出销售和客流量的韧性</p>

Stubborn inflation and services growth push back Fed cuts

- 核心 PCE 通胀在 4 月升至 3.3%，远超美联储 2% 的目标。  
- 分析师预计美联储将维持高利率，直至出现持续性通胀减弱的证据。  
- Five Below 和 Target 的销售及门店流量增长，得益于注重价值的策略。

顽固的通货膨胀和服务业的增长推迟了美联储的降息计划