Supercore Inflation Hits Fastest Pace Since April, Raising Chance of Later Fed Rate Cuts

Core inflation rose 3.9% in January, exceeding forecasts and concerning investors about Fed interest rate hikes
Headline inflation, including food and energy, was better at 3.1% but still above the Fed's 2% target
Supercore inflation, excluding housing on top of core inflation, rose 4.4%, the fastest since April 2022
The Fed focuses on supercore as the strongest indicator of services inflation trends
Continued high supercore inflation readings may force the Fed to delay interest rate cuts predicted for June to September instead