What happened
Actual 0.3% came in, exactly matching the forecast. Previous was also 0.3%.
What it means
The Fed's preferred inflation measure. The Fed's interest rate thinking is directly tied to this.
High impact · 🇺🇸 USD · Latest releaseGuide
US Core PCE Price Index MoM
Released · Sep
Actual0.3%
Forecast0.3%
Previous0.3%
Next release
All times are shown in your own time zone.
What is this news
PCE (Personal Consumption Expenditures) Price Index measures inflation on US consumer spending. Core PCE removes food and fuel. Released by Bureau of Economics Analysis. This comes every month.
How important it is
The Fed's 2% inflation target is based on Core PCE, so the Fed watches this most closely. This is a High impact event on FxGram: USD pairs often see sharp moves at this time.
What this data does
Generally, if Core PCE comes in above forecast, expectations of the Fed staying strict increase, which affects the dollar; if lower, the opposite.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep | 0.3% | 0.3% | 0.3% |
| Aug | 0.2% | 0.3% | 0.1% |
| Jul | 0.2% | 0.2% | 0.1% |
| Jun | 0.1% | 0.2% | 0.3% |
| May | 0.3% | 0.3% | 0.3% |
| Apr | 0.2% | 0.3% | 0.3% |
| Mar | 0.3% | 0.3% | 0.4% |
| Feb | 0.4% | 0.4% | 0.4% |
| Jan | 0.4% | 0.4% | 0.4% |
| Dec | 0.4% | 0.3% | 0.2% |
| Nov | 0.2% | 0.2% | 0.2% |
| Oct | 0.2% | — | 0.2% |
| Sep | 0.2% | 0.2% | 0.2% |
| Aug | 0.2% | 0.2% | 0.2% |
| Jul | 0.3% | 0.3% | 0.3% |
Data: Bureau of Economics Analysis, via TradingView economic calendar.
See full calendar