Core PCE Price Index m/m

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
US PCE rates rose more-than-expected in April, boosting bets that the Federal Reserve will stick to its hawkish stance and leave rates high for an extended period. Core personal consumption expenditures, which exclude food and energy, rose 0.4 percent month-on-month in April 2023, above market expectations for a 0.3 percent increase. The annual rate, the Fed's preferred measure of inflation, unexpectedly accelerated to 4.7 percent, compared to market expectations of 4.6 percent. The headline personal consumption expenditures index also rose 0.4% and rose 4.4% from a year ago, up from the 4.2% rate in March.

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

The 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

The timing of Data release

The statement will be issued at 3:30 pm Mecca Al-Mukarramah time