Pay attention to the core PCE price index for July tonight

At 8:30 tonight, the core PCE price index for July in the U.S. will be released. The core PCE excludes the volatility of food and energy

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because food is easily affected by seasons and weather, while energy is heavily influenced by external production and geopolitical fluctuations. Both can interfere with the judgment of inflation trends. Excluding these two provides a clearer reflection of inflation trends

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so the Federal Reserve pays more attention to this index. The previously mentioned 2% inflation target is also based on the core PCE

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