Loading page content
Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Core PCE MoM held to 0.2% in May 2014
U.S. Bureau of Economic AnalysisMonthlyReleased June 2014
US Core PCE MoM held to 0.2% in May 2014, released June 2014. The reading matched the 0.2% consensus.
Latest Release
0.2
Actual
0.2
Consensus
0.2
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Core PCE MoM (United States) was reported at 0.2% in June 2014. This matched the market consensus of 0.2% exactly. The reading was unchanged from the previous release.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2014.
SHARE
Core PCE MoM - US
Loading chart data...
About Core PCE MoM — United States
DEFINITION
Core PCE MoM is a key financial indicator that measures the monthly change in the prices of goods and services, excluding food and energy. It is considered a more accurate measure of inflation as it excludes the volatile food and energy sectors. This indicator is closely monitored by economists and investors as it provides insight into the overall health of the economy and can impact monetary policy decisions. A higher Core PCE MoM indicates rising prices, while a lower reading suggests a decrease in inflation.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2014): actual 0.2 %, consensus 0.2 %.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.