Core PCE Price Index 6/30/2022

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 change in prices in consumer goods and services. The PCE index, excluding fast-changing items, is thought to be the best indicator of the underlying inflation trend.
A reading of this indicator higher than expected will positively affect the currency, and a reading lower than expected will negatively affect the currency
US core PCE prices, which exclude food and energy, rose 0.3% month over month in April of 2022, the same as in the previous month and in line with market expectations. Meanwhile, the annual rate, the Fed's preferred inflation measure, eased to a 4-month low of 4.9% from 5.2% the previous month, also in line with expectations in a sign that price increases may slow

Estimate for today's data is 0.4%.
The statement will be issued at 3:30 pm Mecca time