Core Personal Consumption Expenditures (QoQ)

Actual
3.6%
Previous
3.7%
Forecast
3.7%

The Core Personal Consumption Expenditures (PCE), released by the Bureau of Economic Analysis, measures the changes in the value of all goods and services purchased by US residents at a given period excluding the more-volatile components of food and energy. The quarterly data is released within the broader Gross Domestic Product (GDP) report. The data is a proxy for consumer spending, a major driver of the US economy. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.

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