The core Personal Consumption Expenditure (core PCE) data for April is due out just before the Federal Reserve enters a 'blackout period' ahead of its rate decision on June 12.
The core Personal Consumption Expenditure data for April is due out just before the Federal Reserve enters a blackout period ahead of its rate decision on June 12. The Consumer Price Index report for last month showed a gradual easing in inflation, boosting optimism that the PCE numbers follow. The report is due out on the last day of the week and the month, adding to already high volatility triggered by money managers adjusting their portfolios.The economic calendar shows expectations for 0.
When it comes to the latter, the Fed aims for 2% annual core PCE. The methodology used in the PCE report is considered more up-to-date with consumer preferences than the CPI, which is released earlier. Core PCE excludes more volatile items such as energy and food, which are influenced by global developments. The Fed's interest rate have more impact on investments and savings, which are reflected in prices of services, housing and durable goods.
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