BlockBeats News, September 26, the most closely watched inflation indicator by the Federal Reserve, PCE, will be released tonight at 20:30, with expectations to remain above the target level. The US August Core PCE Price Index YoY Preliminary was 2.9%, with an expected value of 2.9%. Although the current focus has shifted from inflation to employment data, market forecasts suggest that the overall PCE Price Index for August will increase by 0.3% MoM, with the more closely monitored Core PCE Price Index showing a lower MoM increase of 0.2%.
Federal Reserve Chairman Powell had previously disclosed key expectations for this PCE report during a public event on Tuesday. He stated that Federal Reserve economists’ calculations indicate that for the 12 months ending in August, the overall PCE Price Index YoY increase will reach 2.7%, up from the previous month’s 2.6%; meanwhile, the Core PCE Price Index YoY increase will remain at 2.9%, unchanged from the previous month. (FXStreet)
