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
2.1%
Forecast
2.2%
Previous
2.3%
US PCE Price Index for Apr came in at 2.1% versus 2.2% expected (previous 2.3%), below forecast, which was negative for the USD.
What it meant for the USD
The actual landed below the 2.2% forecast (0.1 below expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was negative for the USD.
New to this release? See what US PCE Price Index measures, the next release and its full history.