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PCE Tomorrow, 02.24.2023 Trading Levels
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
PCE tomorrow. Last few PCE reports we saw some very wild moves!
What is the PCE report?
Source Bureau of Economic Analysis (latest release): Measures Change in the price of goods and services purchased by consumers, excluding food and energy; Usual Effect ‘Actual’ greater than ‘Forecast’ is good for currency;
Frequency Released monthly, about 30 days after the month ends;
Next Release Mar 31, 2023 FF Notes 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;
Why Traders Care? 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;
Acro Expand Personal Consumption Expenditures (PCE), Consumer Price Index (CPI);
Would you like to hear the PCE numbers and market reaction LIVE tomorrow? Get a trial of breaking news, text alerts and market insight directly on your trading desktop? Start here.
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Futures Trading Levels
02-24-2023
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