PANews reported on February 28 that according to Jinshi, U.S. consumer spending unexpectedly fell in January, but the rebound in inflation may provide support for the Federal Reserve to postpone interest rate cuts for some time. Data showed that consumer spending, which accounts for more than two-thirds of U.S. economic activity, fell 0.2% last month, while the market expected a 0.1% increase. Weak consumer spending may reflect the weakening pull of pre-emptive consumption and the drag caused by abnormally low temperatures and snowstorms in much of the country. The Los Angeles wildfire may also have hurt consumption. The winter storm disrupted residential construction last month and was also one of the reasons for suppressing job growth. In addition to weather factors, the Trump administration's policies have also hindered economic activity, including tariffs and drastic spending cuts. The personal consumption expenditures (PCE) price index rose another 0.3% in January, an annual increase of 2.5%. The core PCE rose 2.6% year-on-year, and the monthly rate rose to 0.3% from 0.2% last month, both in line with market expectations.