According to Jinshi, the core PCE data released on Friday is basically in line with expectations, and the bond market will breathe a sigh of relief after the opening of next week. Traders braced for a red-hot performance in the Fed's favored inflation gauge following strong CPI data at the start of the year. However, traders may ignore the still-high reading as Federal Reserve Chairman Jerome Powell dismisses it as a seasonal factor. The six-month annualized growth rate for core PCE has risen to 2.9%, well above the 1.9% rate at the end of last year. The Cleveland Fed's inflation forecast points to a fall in inflation in March, which will provide more support for bonds. However, the stagnation of goods inflation and high service sector inflation may pose risks to the Fed's interest rate cut plan.