USD: Core PCE Price Index m/m at 7:00 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy
Released monthly, about 30 days after the month ends
Next Release date: Jan 27, 2023
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. CPI is released about 10 days earlier and tends to garner most of the attention
It’s the Federal Reserve’s primary inflation measure. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [ 0.2% ]
Previous- [ 0.2% ]
Actual- [ ? ]
Impact: The forecast figure seems to be neutral for base metals and the dollar while positive for bullions.
The actual figure to released at 7:00 pm.
Source: Forex Factory
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