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The US March Core PCE Price Index YoY will be released tonight at 22:00.

3 hours ago

On April 30th: The U.S. core PCE price index year-on-year for March is scheduled to be announced this evening at 22:00. The expected value is 2.60% and the previous value is 2.80%. PCE stands for "Personal Consumption Expenditures". The core PCE price index is a crucial indicator used to measure consumer inflation in the United States. It was first introduced by the U.S. Bureau of Economic Analysis and was adopted by the Federal Open Market Committee (FOMC) of the Federal Reserve as the primary inflation measurement indicator in 2002. In January 2012, the Federal Reserve set a 2% year-on-year increase in the core PCE as the long-term inflation target, thereby indicating that the Federal Reserve also has a clear inflation target. If the year-on-year increase in the core PCE exceeds 2%, the Federal Reserve will tighten its monetary policy, which is beneficial to the U.S. dollar. Furthermore, the U.S. April ADP Employment Change (in thousands) will be released this evening at 20:15. The expected value is 11.5 and the previous value is 15.5.
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