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
Core personal consumption expenditures (PCE) prices in the US, which exclude food and energy, increased 0.2% month-on-month in June 2023, slowing from a 0.3% increase in the previous month and in line with market expectations. The annual rate, the Fed's preferred measure of inflation, rose 4.1%, the lowest since September 2021 and below market expectations of 4.2%. With the calculation of food and energy costs, the personal consumption expenditures price index rose 0.2% from the previous month and 3% from the corresponding period of the previous year, which is the lowest level since March 2021.

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

The estimate for today's data is 0.2%.
A higher-than-expected reading for this indicator will positively affect the currency, and a lower-than-expected reading will negatively affect the currency

Timing of issuance of the decision

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