US Core PCE Price Index m/m
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;
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;
- US Core PCE Price Index m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 28, 2024 | 0.1% | 0.1% | 0.3% |
May 31, 2024 | 0.2% | 0.3% | 0.3% |
Apr 26, 2024 | 0.3% | 0.3% | 0.3% |
Mar 29, 2024 | 0.3% | 0.3% | 0.5% |
Feb 29, 2024 | 0.4% | 0.4% | 0.1% |
Jan 26, 2024 | 0.2% | 0.2% | 0.1% |
Dec 22, 2023 | 0.1% | 0.2% | 0.1% |
Nov 30, 2023 | 0.2% | 0.2% | 0.3% |
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- US Core PCE Price Index m/m News
- From srikonomics.substack.com|Jun 30, 2024|2 comments
There were few surprises in yesterday’s release of the May data on Personal Consumption Expenditure price index by the US Bureau of Economic Analysis. Publication of the Consumer Price and Producer Price Indexes earlier in June had already suggested that the PCE numbers would be benign because of the components of the CPI and PPI that feed into it. PCE prices were flat in May from April, slowing from the 0.3% rise posted the previous month. The year-over-year gain slowed from 2.7% in April to 2.6% in May. Yet, we had a senior Federal ...
- From cnn.com|Jun 28, 2024
Prices in the US didn’t rise in May, lending a welcome reprieve to cost-wary Americans and helping to bring inflation even closer to normal levels. The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — was unchanged from April and slowed to 2.6% for the 12 months ended in May from 2.7% the month before, according to Commerce Department data released Friday. It’s the first time since November that prices didn’t increase on a monthly basis. Cheaper prices ...
- From kitco.com|Jun 28, 2024
Bitcoin (BTC) continued to oscillate near support at $61,000 in early trading on Friday after the latest reading of the Fed's preferred inflation gauge – the core Personal Consumption Expenditures (PCE) index – showed the pace of inflation eased in May as prices increased at their slowest pace since March 2021. Core PCE, which strips out the cost of food and energy, rose 0.1 % in May from the prior month, in line with Wall Street's expectations and slower than the 0.3% increase seen in April. Year-over-year, the index rose 2.6%, also ...
- From think.ing.com|Jun 28, 2024
The May personal income and spending report has offered some encouragement that inflation pressures are easing once again after coming in far too hot in the first three months of the year. The core personal consumer expenditure deflator, a broader measure of inflation pressures than CPI that the Fed prefers to focus on, came in at 0.1% MoM/2.6% YoY. This was expected given the read through from components within the CPI and PPI reports, but after plenty of upside surprises this year, it is a relief. The headline measure (including ...
- From bea.gov|Jun 28, 2024|1 comment
Personal income income increased $114.1 billion (0.5 percent at a monthly rate) in May, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent). The PCE price index decreased less than 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 5). Real DPI increased 0.5 ...
- From fxstreet.com|Jun 28, 2024
The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) on Friday, June 28 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of seven major banks. The US Core PCE inflation is expected to grow at a slower pace of 0.1% against 0.2% in April month-on-month. Annually, the underlying inflation is projected to decelerate to 2.6% from 2.8% in April. Deutsche Bank: The focus in the US this week ...
- From cnbc.com|Jun 27, 2024|4 comments
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday. The personal consumption expenditures price index, a measure the Federal Reserve focuses on when measuring inflation, is expected to show little if any monthly increase for May, the first time that would be the case since November 2023. But even more importantly, when stripping out volatile food and energy prices, the core PCE price index, which draws even closer scrutiny from Fed policymakers, is set ...
- From ubs.com|Jun 25, 2024
With the release of the Federal Reserve’s preferred inflation gauge of inflation at the end of this week and a flurry of policymakers scheduled to speak in the coming days, market debates over when the US central bank will start cutting interest rates are likely to continue. Since the beginning of the year, investor expectations on Fed cuts have been one of the major drivers of market sentiment. However, the end point of the Fed’s easing cycle is often overlooked, and we think the destination of rates matters more for the investment ...
Released on Jun 28, 2024 |
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