PCE data did not dominate the market, but just announced that the March consumer confidence index was lower than expected and the one-year and five-year inflation expectations were higher than expected, which caused the market to stagnate. Looking back at the February Consumer Confidence Index released on February 21st, it was significantly lower than expected at that time, which was the starting point of this detailed adjustment in the US stock market. The consumer confidence index in February was lower than expected, and the actual monthly rate of personal income and expenditure in February was higher than expected compared to the previous month. The "soft data" and "hard data" of the economy have somewhat decoupled