Core PCE Price Index M/M

/Core PCE Price Index M/M

august, 2019

30aug12:30 pm12:30 pmCore PCE Price Index M/MIMPACT: ALL MAJOR PAIRS & USD RELATED INSTRUMENTS12:30 pm - 12:30 pm UTC Event Type :Medium ImpactTill the Data is Released!

Event Details

What is this event?

Differs from Core CPI in that it only measures goods and services targeted towards and consumed by individuals. Prices are weighted according to total expenditure per item which gives important insights into consumer spending behavior. This is rumored to be the Federal Reserve’s favorite inflation measure, but CPI is released about 10 days earlier and tends to garner most of the attention.

Measures

Change in the price of goods and services purchased by consumers, excluding food and energy.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, about 30 days after the month ends.

Source of Data

Bureau of Economic Analysis (latest release)

Time

(Friday) 12:30 pm - 12:30 pm

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