Preview: The US December Core PCE Price Index YoY will be released tonight. Expectations are 2.9%. BlockBeats News, February 20 — The US December Core PCE Price Index YoY will be announced tonight at 21:30, previous value 2.8%, expected 2.9%. PCE stands for "Personal Consumption Expenditures" in Chinese. The Core PCE Price Index is a key indicator of inflation in US private consumption. It was first introduced by the US Department of Commerce's Bureau of Economic Analysis and was adopted in 2002 by the Federal Reserve's decision-making body, the Federal Open Market Committee (FOMC), as a primary measure of inflation.
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Preview: The US December Core PCE Price Index YoY will be released tonight. Expectations are 2.9%. BlockBeats News, February 20 — The US December Core PCE Price Index YoY will be announced tonight at 21:30, previous value 2.8%, expected 2.9%. PCE stands for "Personal Consumption Expenditures" in Chinese. The Core PCE Price Index is a key indicator of inflation in US private consumption. It was first introduced by the US Department of Commerce's Bureau of Economic Analysis and was adopted in 2002 by the Federal Reserve's decision-making body, the Federal Open Market Committee (FOMC), as a primary measure of inflation.