Economic calendar: Fed's preferred indicator, core PCE expected to drop to 3.0% YoY 🔔

8:23 AM 26 January 2024

In today's economic calendar, the only and most important event of the day will be the publication of the PCE inflation report in the USA at 1:30 PM GMT. The core Personal Consumption Expenditures (core PCE) index is the inflation indicator preferred by the Federal Reserve. The data should confirm a continued approach towards the 2.0% inflation target. The expected data is projected to show a year-over-year decrease to 3.0% compared to 3.2% in November. The inflation picture looks promising. In addition to progress at the core level, the headline PCE inflation also fell to 2.6% in November and is expected to remain at the same level in the December reading.

Detailed calendar of the day:

07:00 AM GMT, Germany - GfK German Consumer Climate for February:

  • forecast -24.5; previous -25.1;

01:30 PM GMT, United States - Inflation Data for December:

  • PCE Price index: forecast 2.6% YoY; previous 2.6% YoY;
  • Core PCE Price Index: forecast 0.2% MoM; previous 0.1% MoM;
  • Core PCE Price Index: forecast 3.0% YoY; previous 3.2% YoY;
  • Personal Spending: forecast 0.4% MoM; previous 0.2% MoM;
  • Real Personal Consumption: previous 0.3% MoM;
  • PCE price index: forecast 0.2% MoM; previous -0.1% MoM;

03:00 PM GMT, United States - Pending Home Sales for December:

  • forecast 1.5% MoM; previous 0.0% MoM;

03:00 PM GMT, United States - Pending Home Sales Index for December:

  • previous 71.6;
Share:
Back

Join over 1 400 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits