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Core PCE Price Index m/m
Change in the price of goods and services purchased by consumers, excluding food and energy
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. This is rumored to be the Federal Reserve's favorite inflation measure, but CPI is released about 15 days earlier and tends to garner most of the attention
The previous data was 2.6 %, the market waited for 2.6%, but it is 2.7%, so the market break out. The new trend can be LONG, because it is good for EUR.
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