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 0.3% from the previous month in September 2023, the largest rise in 4 months, in line with market estimates and accelerating from the 0.1% increase from the previous month. The annual rate, considered the Fed's preferred measure of inflation, fell slightly to 3.7%, the lowest level since May 2021, but remained sharply above the central bank's 2% target. Also, the benchmark index rose 0.4% month-on-month, the same level as in August and higher than market expectations of 0.3%. The annual PCE rate was 3.4%, the same as the upwardly revised 3.4% in the previous month and in line with expectations.

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

The estimate for today's data is 0.3%.
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 4:30 pm Mecca time