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 are watching this indicator closely as it is the Fed's preferred indicator of consumer inflation
The Personal Consumption Expenditure Index differs slightly from the Consumer Price Index in that it identifies the goods and services that are targeted and 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. Like the Consumer Price Index, this index reflects price changes in consumer goods and services. The PCE index, excluding rapidly changing items, is believed to be the best indicator of the underlying trend of inflation.
Core PCE prices in the United States, which exclude food and energy, increased 0.5 percent month-on-month in September 2022, the same as in August and in line with market expectations. The annual rate, the Fed's preferred measure of inflation, rose to 5.1 percent from 4.9 percent, below expectations of 5.2 percent.

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

An estimate for today's data is 0.3%.
A higher-than-expected reading for this indicator will positively affect the currency, and a lower-than-expected reading will negatively affect the currency