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Core Personal Consumption Expenditures - Price Index (MoM)

After publishing the GDP report, the US Bureau of Economic Analysis releases the Personal Consumption Expenditures (PCE) Price Index data alongside the monthly changes in Personal Spending and Personal Income. FOMC policymakers use the annual Core PCE Price Index, which excludes volatile food and energy prices, as their primary gauge of inflation. A stronger-than-expected reading could help the USD outperform its rivals as it would hint at a possible hawkish shift in the Fed’s forward guidance and vice versa.

Most recent - Friday 29 September 2023 12:30

Previous
0.2%
Revised
-
Forecast
0.2%
Actual
0.1%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Friday 27 October 2023 12:30

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for Core Personal Consumption Expenditures - Price Index (MoM) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Core Personal Consumption Expenditures - Price Index (MoM) was 0.1% against a forecast of 0.2%.

Past events

Date
Forecast
Actual
Friday 29 September 2023 12:30
0.2%
0.1%
Thursday 31 August 2023 12:30
0.2%
0.2%
Friday 28 July 2023 12:30
0.2%
0.2%
Friday 30 June 2023 12:30
0.4%
0.3%
Friday 26 May 2023 12:30
0.3%
0.4%
Friday 28 April 2023 12:30
0.3%
0.3%
Friday 31 March 2023 12:30
0.4%
0.3%
Friday 24 February 2023 13:30
0.4%
0.6%
Friday 27 January 2023 13:30
0.2%
0.3%
Friday 23 December 2022 13:30
0.2%
0.2%
Thursday 1 December 2022 13:30
0.3%
0.2%
Friday 28 October 2022 12:30
0.5%
0.5%
Friday 30 September 2022 12:30
0.5%
0.6%
Friday 26 August 2022 12:30
0.3%
0.1%
Friday 29 July 2022 12:30
0.5%
0.6%
Thursday 30 June 2022 12:30
0.4%
0.3%
Friday 27 May 2022 12:30
0.3%
0.3%
Friday 29 April 2022 12:30
0.3%
0.3%
Thursday 31 March 2022 12:30
0.4%
0.4%
Friday 25 February 2022 13:30
0.5%
0.5%
Friday 28 January 2022 13:30
0.5%
0.5%
Thursday 23 December 2021 13:30
0.4%
0.5%
Wednesday 24 November 2021 15:00
0.4%
0.4%
Friday 29 October 2021 12:30
0.2%
0.2%
Friday 1 October 2021 12:30
0.4%
0.3%
Friday 27 August 2021 12:30
0.3%
0.3%
Friday 30 July 2021 12:30
0.6%
0.4%
Friday 25 June 2021 12:30
0.6%
0.5%
Friday 28 May 2021 12:30
0.6%
0.7%
Friday 30 April 2021 12:30
0.3%
0.4%
Friday 26 March 2021 12:30
0.1%
0.1%
Friday 26 February 2021 13:30
0.2%
0.3%
Friday 29 January 2021 13:30
0.1%
0.3%
Wednesday 23 December 2020 13:30
0.1%
0%
Wednesday 25 November 2020 15:00
0%
0%
Friday 30 October 2020 12:30
0.2%
0.2%
Thursday 1 October 2020 12:30
0.3%
0.3%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Core Personal Consumption Expenditures - Price Index (MoM) result:

PreviousLatest
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change4.3%3.9%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bullish change3.4%3.5%
Personal Income (MoM)Bullish change0.2%0.4%
Personal SpendingBearish change0.9%0.4%
Pending Home Sales (MoM)Bearish change0.9%-7.1%
Core Personal Consumption Expenditures (QoQ)(no change)3.7%3.7%
Gross Domestic Product Annualized(no change)2.1%2.1%
Gross Domestic Product Price IndexBearish change2%1.7%
Initial Jobless ClaimsBearish change202K204K
Personal Consumption Expenditures Prices (QoQ)(no change)2.5%2.5%
Durable Goods OrdersBullish change-5.6%0.2%
Durable Goods Orders ex DefenseBullish change-6%-0.7%
Durable Goods Orders ex TransportationBullish change0.1%0.4%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.9%
New Home Sales Change (MoM)Bearish change8%-8.7%
Housing Price Index (MoM)Bullish change0.4%0.8%
S&P Global Composite PMIBearish change50.250.1
S&P Global Manufacturing PMIBullish change47.948.9
S&P Global Services PMIBearish change50.550.2
Existing Home Sales Change (MoM)Bullish change-2.2%-0.7%
Initial Jobless ClaimsBullish change221K201K
Philadelphia Fed Manufacturing SurveyBearish change12-13.5
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change4.6%5.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBearish change3.1%2.9%
Interest Rate Projections - Current(no change)5.6%5.6%
Interest Rate Projections - Longer(no change)2.5%2.5%
Building Permits (MoM)Bullish change1.443M1.543M
Housing Starts (MoM)Bearish change1.447M1.283M
Michigan Consumer Sentiment IndexBearish change69.567.7
UoM 5-year Consumer Inflation ExpectationBearish change3%2.7%

About Core Personal Consumption Expenditures - Price Index (MoM)

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Inflation
Frequency:Monthly

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