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
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
Core personal consumption expenditures (PCE) prices in the US, excluding food and energy, increased 0.3% month-on-month in December 2022, compared to an increase of 0.2% in the previous month and in line with market estimates. The annualized rate, the Fed's preferred measure of inflation, fell to 4.4% from 4.7% in November, marking the slowest increase in 14 months. Meanwhile, the main index rose 0.1% last month, as it had in November. In the 12 months through December, the index rose 5.0%, the lowest since September 2021, and down from 5.5% in November.

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