Fiper | Core PCE Price Index m/m

This indicator determines the rate of inflation experienced by consumers when purchasing goods and services, excluding food and energy
Traders are watching this indicator closely because it is the Fed's favorite consumer inflation indicator
The PCE index differs slightly from the CPI in that it identifies targeted goods and services that are consumed by individuals
Food and energy account for 25% of the PCE index, but they change rapidly from month to month and can distort the overall picture of this indicator. As with the CPI, this index reflects the price change in consumer goods and services. The PCE index, excluding fast-changing items, is believed to be the best indicator of the underlying inflation trend.
US core PCE prices, which exclude food and energy, rose 0.6 percent month-over-month in August of 2022, up from the revised stall the previous month and slightly above market expectations of 0.5 percent. The annual rate, the Federal Reserve's preferred measure of inflation, rose unexpectedly to 4.9 percent from an upwardly revised 4.7 percent the previous month, beating expectations of 4.7 percent.

What are the expectations for today's statement and how it affects the currency

The estimate for today's data is 0.5%.
A reading of this indicator higher than expected will positively affect the currency, and a reading lower than expected will negatively affect the currency