BlockBeats News, April 30th: The U.S. core PCE price index YoY for March will be announced tonight at 22:00, with an expected value of 2.60% and a previous value of 2.80%.

PCE corresponds to "Personal Consumption Expenditures"; the core PCE price index is a key indicator of measuring consumer inflation in the United States. It was first introduced by the U.S. Bureau of Economic Analysis and was adopted by the Federal Open Market Committee (FOMC) of the Federal Reserve as a primary indicator of inflation measurement in 2002.

In January 2012, the Federal Reserve set a 2% year-on-year increase in the core PCE as the long-term inflation target, thereby declaring that the Federal Reserve also had a clear inflation target. If the core PCE YoY increase exceeds 2%, the Federal Reserve will tighten its monetary policy, which is beneficial for the U.S. dollar.

Furthermore, the U.S. April ADP Employment Change (in thousands) will be released tonight at 20:15, with an expected value of 11.5 and a previous value of 15.5.