Core Personal Consumption Expenditures (QoQ)

The Core Personal Consumption Expenditures (PCE), released by the Bureau of Economic Analysis, measures the changes in the value of all goods and services purchased by US residents at a given period excluding the more-volatile components of food and energy. The quarterly data is released within the broader Gross Domestic Product (GDP) report. The data is a proxy for consumer spending, a major driver of the US economy. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.