Pce Price Index Preview & EUR/USD Technical Analysis

The upcoming personal consumption expenditures (PCE) price index report—scheduled for release by the Bureau of Economic Analysis on Wednesday, August 26—serves as a pivotal indicator for investors evaluating the Federal Reserve's next policy moves, particularly because PCE (specifically Core PCE) is the Fed's preferred measure of inflation to guide monetary policy. Consensus estimates project July headline PCE inflation to tick down slightly to 3.6% year-over-year while core PCE is anticipated to hold steady at 3.3%, making this print highly scrutinized for signals on whether underlying price pressures are abating or remaining stubbornly elevated.