The Federal Reserve's preferred inflation gauge is set to fall – but not quickly enough to provide the relief of lower rates. Live coverage. Join FXStreet Premiumto ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts. Why Core PCE shakes markets The core Personal Consumption Expenditures Price Index is the preferred gauge of inflation for the Federal Reserve – the world's most powerful central bank.
However, it also included an upgraded core PCE component – which caused market participants to fear higher inflation in the core PCE release for June. The Fed holds its rate meeting on July 31, and no interest rate change is expected. However, investors circle September as the time for the bank to cut interest rates.
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