🚩08 Let me explain to you how to look at the pce indicator and the meaning behind it:

PCE corresponds to "personal consumption expenditures" in Chinese. The core PCE price index is a key indicator for measuring private consumption inflation in the United States. The current published value is lower than the predicted value, which is good, indicating that inflationary pressure has been eased.

Personal consumption expenditures measure changes in the total amount of money consumers spend on consumer goods and services. While if the indicator is lower than expected, it should be considered weak/bearish for the USD.

Overall, the data tonight is positive, indicating that inflation is easing.

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