On April 30, the annual rate of the US core PCE price index in March will be announced at 22:00 tonight, with an expected 2.60% and the previous value of 2.80%.
PCE corresponds to the Chinese "personal consumption expenditure"; the core PCE price index is a key indicator for measuring private consumption inflation in the United States. It was first launched by the Economic Analysis Bureau of the U.S. Department of Commerce and was adopted by the Federal Open Market Committee (FOMC), the Federal Reserve's decision-making body, as a major indicator for measuring inflation.
In January 2012, the Federal Reserve set the core PCE annual rate increase of 2% as a long-term inflation target, and since then it announced that the Federal Reserve has also had a clear inflation target. If the core PCE annual rate rises by more than 2%, the Fed will tighten monetary policy, which is good for the US dollar.
In addition, the number of ADP employment in the United States in April (10,000) will be announced tonight at 20:15, with an expected 11.5, and the previous value is 15.5.
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