Core PCE Price Index Release: Markets Anticipate Inflation Rebound to 2.80%

The Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) price index, is set to release tonight at 23:00 Eastern Time. Analysts forecast the annual rate to climb to 2.80%, signaling a potential rebound in inflationary pressures.The Core PCE price index, often dubbed the Federal Reserve’s "most favored" inflation indicator, excludes volatile food and energy prices, offering a clearer picture of underlying inflation trends. This metric plays a pivotal role in shaping the Federal Reserve's monetary policy decisions.