Fiper | Core PCE Price Index

This indicator determines the rate of inflation experienced by consumers when purchasing goods and services, with the exception of food and energy
Traders watch this indicator closely as it is the Fed's favorite indicator of consumer inflation
Core PCE prices in the United States, which exclude food and energy, jumped 0.6% month-over-month in January 2023, the most since August, after an upwardly revised 0.4% increase in the previous month and market estimates higher than 0.4%. . The annualized rate, the Fed's preferred measure of inflation, rose 4.7% and beat market expectations of 4.3%, supporting signals by Fed policymakers that interest rates need to be higher for longer to tame unsustainable price growth. Meanwhile, the headline figure rose 0.6% from the previous month, the most since June and the annualized rate accelerating to 5.4% from 5.3%.

Expectations for today's report and how it will affect the currency

The estimate for today's data is 0.4%.
A higher-than-expected reading for this indicator will positively affect the currency, and a lower-than-expected reading will negatively affect the currency