Core PCE Price Index m/m

This index determines the inflation rate that consumers experience when purchasing goods and services, excluding food and energy
Traders watch this indicator closely because it is considered the Federal Reserve's preferred consumer inflation indicator
The PCE index differs slightly from the CPI in that it identifies target goods and services that individuals consume
US core PCE prices, which exclude food and energy, rose 0.2% month-over-month in July 2023, maintaining the same pace as in June and in line with market expectations. The annual rate, considered the Fed's preferred measure of inflation, rose slightly as expected, to 4.2 percent from 4.1 percent in June. When accounting for food and energy costs, the personal consumption expenditures price index rose 0.2 percent from the previous month and 3.3 percent from the corresponding period of the previous year.

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

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

Timing of issuance of the decision

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