"US Core Inflation: Fed's Higher-for-Longer Outlook Confirmed"

US core inflation is expected to support the Federal Reserve's stance of maintaining accommodative monetary policy for a longer period. The sustained rise in core inflation, which excludes volatile food and energy prices, is likely to corroborate the Fed's view that recent price increases are transitory and not indicative of persistent inflationary pressures. This reinforces the central bank's commitment to keeping interest rates low and continuing its asset purchase program to support economic recovery.