Fiper | Core PCE Price Index 9/30/2022

This indicator determines the rate of inflation experienced by consumers when purchasing goods and services, excluding food and energy
Traders are watching this indicator closely because it is the Fed's favorite consumer inflation indicator
The PCE index differs slightly from the CPI in that it identifies targeted goods and services that are consumed by individuals
Food and energy account for 25% of the PCE index, but they change rapidly from month to month and can distort the overall picture of this indicator. As with the CPI, this index reflects the price change in consumer goods and services. The PCE index, excluding fast-changing items, is believed to be the best indicator of the underlying inflation trend.
Prices for core personal consumption expenditures in the United States, which exclude food and energy, rose 0.1 percent month-on-month in July of 2022, down from a 0.6 percent rise in June and below market expectations of 0.3 percent. Meanwhile, the annual rate, the Fed's preferred measure of inflation, slowed to 4.6 percent from 4.8 percent the previous month, also below market expectations of 4.7 percent.

Expectations for today's statement and how it affects the currency

Estimate for today's data is 0.5%.
A reading of this indicator higher than expected will positively affect the currency, and a reading lower than expected will negatively affect the currency