On Thursday, the latest release of the March Personal Consumption Expenditures (PCE) price index, a key inflation indicator favored by the Federal Reserve, showed its largest increase in nearly three years in March. This marks another significant challenge for the US economy, which remains resilient but under substantial pressure. Soaring oil prices and a rebound in inflation are keeping the economy growing, supported by AI investment, but risks of stagflation and policy uncertainty are rising simultaneously. How will interest rate policies evolve in the future? And how will the Federal Reserve respond?