Today’s given signal : https://t.me/calendarsignal/9825
Introduction
The Personal Consumption Expenditures Price Index tracks price changes for goods and services, serving as an important gauge of inflation and consumer spending. It plays a vital role in economic analysis and policy decisions.
Components of PCE Price Index
The PCE Price Index includes food, housing, apparel, transportation, and other goods and services. It also considers substitution and quality changes in its calculation, providing a more accurate reflection of consumer spending.
Implications for Monetary Policy
The Federal Reserve uses the PCE Price Index to assess inflationary pressures and guide monetary policy decisions. A higher index may prompt the Fed to consider interest rate adjustments to control inflation.
Previous released data results :
On last data (27-10-2023) we predict to SELL XAUUSD as for good PCE Data gold price was fall.
Check the previous blog : https://blog.forextrade1.co/impact-of-core-pce-price-index-on-gold-pair-27-10-2023/
Check last given signal : https://t.me/calendarsignal/9422
Performance :
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