According to Jinshi, data released by the U.S. Bureau of Labor Statistics showed that the annual rate of core CPI in the fourth quarter of 2023 was 3.3%, the same as the previous data. This unremarkable revision will be a relief to Federal Reserve officials who are looking for more evidence that price pressures are continuing to subside before they start to cut interest rates. Inflation slowed rapidly in the second half of last year, and policymakers expressed doubts about whether this rapid slowdown can be sustained. U.S. Treasury and stock futures rebounded after the data was released.