Announcement: U.S. December Core PCE Price Index YoY to be released tonight, expected at 2.9%

BlockBeats News, February 20th: The US December Core PCE Price Index YoY will be released tonight at 21:30, with a previous value of 2.8% and an expected value of 2.9%.

PCE corresponds to "Personal Consumption Expenditures" in Chinese. The Core PCE Price Index is a key indicator of measuring inflation in US consumer spending. It was first introduced by the US Department of Commerce's Bureau of Economic Analysis and was adopted by the Federal Open Market Committee (FOMC), the Federal Reserve's decision-making body, in 2002 as a key inflation gauge.