US PCE measures how fast consumer prices are rising year-on-year and is the Federal Reserve's preferred inflation gauge for its 2% target.
Actual
2.7%
Forecast
2.6%
Previous
2.5%
US PCE Price Index for Mar came in at 2.7% versus 2.6% expected (previous 2.5%), above forecast, which was positive for the USD.
What it meant for the USD
The actual landed above the 2.6% forecast (0.1 above expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was positive for the USD.
New to this release? See what US PCE Price Index measures, the next release and its full history.