US core PCE inflation data is due Friday, 29 September – the numbers to watch

<p>The Federal Reserve’s preferred inflation reading for the month of August will be released on Friday along with other data (the
ForexLive economic data calendar is free, <a href="https://www.forexlive.com/EconomicCalendar">access
it here</a>.) Higher than expected will fuel expectations that perhaps the Fed's rate hike cycle is not yet over and should act as a headwind for risk assets. Vice versa if the data is under. </p><p>For Core PCE Price indexes the consensus, as you can see in the screenshot above, is for 3.9% y/y and 0.2% m/m. The ranges for each are:</p><ul><li>y/y % 3.7 to 4.2</li><li>m/m % 0.0 to 0.3</li></ul><p>While results away from the consensus are more likely to prompt a move than an 'in line' result, results below the minimum or above the maximum will have an ever greater impact. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.