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
2.5%
Forecast
2.5%
Previous
2.5%
US PCE Price Index for Jul came in at 2.5% versus 2.5% expected (previous 2.5%), in line with forecast.
What it meant for the USD
The actual landed in line with the 2.5% forecast. A reading above forecast is generally bullish for the USD, and below forecast bearish.
New to this release? See what US PCE Price Index measures, the next release and its full history.