On May 30, the U.S. Department of Commerce will release the U.S. core PCE price index for April at 20:30 tonight, with an expectation of 2.5% and a previous value of 2.6%. PCE corresponds to the Chinese “personal consumption expenditure”; The Core PCE Price Index, a key measure of private consumer inflation in the United States, was first introduced by the Bureau of Economic Analysis of the U.S. Department of Commerce and adopted by the Federal Open Market Committee (FOMC)(FOMC) in 2002 as a major measure of inflation. In January 2012, the Fed set a 2% annual increase in core PCE as its long-term inflation target, announcing that the Fed also has a clear inflation target. If the core PCE rises by more than 2% y/y, the Fed will tighten monetary policy, which is positive for the dollar. Published value > forecast = positive for the dollar.
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The U.S. Department of Commerce will release the year-on-year core PCE price index for April at 20:30 tonight, with an expected rate of 2.5%.
On May 30, the U.S. Department of Commerce will release the U.S. core PCE price index for April at 20:30 tonight, with an expectation of 2.5% and a previous value of 2.6%. PCE corresponds to the Chinese “personal consumption expenditure”; The Core PCE Price Index, a key measure of private consumer inflation in the United States, was first introduced by the Bureau of Economic Analysis of the U.S. Department of Commerce and adopted by the Federal Open Market Committee (FOMC)(FOMC) in 2002 as a major measure of inflation. In January 2012, the Fed set a 2% annual increase in core PCE as its long-term inflation target, announcing that the Fed also has a clear inflation target. If the core PCE rises by more than 2% y/y, the Fed will tighten monetary policy, which is positive for the dollar. Published value > forecast = positive for the dollar.