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US PCE inflation: latest core PCE and release dates
The latest US PCE report, for September 2026, showed the PCE price index up 3.6% on the year and core PCE, the Fed’s preferred measure, up 3.1%. The next report, for October 2026, is due on Wednesday, November 25, 2026 at 8:30 AM EST.
Figures as of Nov 12, 2026, 8:20 AM UTC.
US PCE inflation report since Jan 27, 2023
Newest first, as first published. Click a report for all its figures and how the majors moved. The move is EUR/USD in pips against the last price before the release: a negative move is a higher dollar. “Against last time” compares the headline figure with the report before it, not with an expectation.
| Report for | Released | PCE price index, a year | PCE price index, a month | Against last time | EUR/USD 15 min | 60 min |
|---|---|---|---|---|---|---|
| September 2026 | Oct 29, 2026 | 3.6% | +0.5% | ▲ higher | +5.2 | −15.8 |
| August 2026 | Sep 30, 2026 | 3.4% | +0.3% | ▼ lower | +13.3 | +1.5 |
| July 2026 | Aug 26, 2026 | 3.7% | +0.2% | ■ same | −9.1 | −15.4 |
| June 2026 | Jul 30, 2026 | 3.7% | −0.1% | ▼ lower | +5.0 | +4.0 |
| May 2026 | Jun 25, 2026 | 4.1% | +0.4% | ▲ higher | +22.1 | +24.8 |
| April 2026 | May 28, 2026 | 3.8% | +0.4% | ▲ higher | +8.2 | +8.5 |
| March 2026 | Apr 30, 2026 | 3.5% | +0.7% | ▲ higher | −10.4 | −8.8 |
| February 2026 | Apr 9, 2026 | 2.8% | +0.4% | ■ same | −2.4 | +3.5 |
| January 2026 | Mar 13, 2026 | 2.8% | +0.3% | ▼ lower | +5.0 | +8.2 |
| December 2025 | Feb 20, 2026 | 2.9% | +0.4% | ▲ higher | −12.6 | −13.0 |
| November 2025 | Jan 22, 2026 | 2.7% | +0.2% | ■ same | — | — |
| October 2026 | Jan 22, 2026 | 2.7% | +0.2% | ▼ lower | +6.6 | +14.4 |
| September 2025 | Dec 5, 2025 | 2.8% | +0.3% | ▲ higher | +2.6 | −1.7 |
| August 2025 | Sep 26, 2025 | 2.7% | +0.3% | ▲ higher | +0.2 | +2.9 |
| July 2025 | Aug 29, 2025 | 2.6% | +0.2% | ■ same | −0.8 | +5.3 |
| June 2025 | Jul 31, 2025 | 2.6% | +0.3% | ▲ higher | −3.2 | −27.9 |
| May 2025 | Jun 27, 2025 | 2.3% | +0.1% | ▲ higher | +9.4 | +5.0 |
| April 2025 | May 30, 2025 | 2.1% | +0.1% | ▼ lower | +5.9 | −20.2 |
| March 2025 | Apr 30, 2025 | 2.3% | 0.0% | ▼ lower | −8.9 | −1.9 |
| February 2025 | Mar 28, 2025 | 2.5% | +0.3% | ■ same | +10.6 | +34.3 |
| January 2025 | Feb 28, 2025 | 2.5% | +0.3% | ▼ lower | −4.4 | −0.5 |
| December 2024 | Jan 31, 2025 | 2.6% | +0.3% | ▲ higher | −7.1 | −12.6 |
| November 2024 | Dec 20, 2024 | 2.4% | +0.1% | ▲ higher | +15.8 | −5.5 |
| October 2024 | Nov 27, 2024 | 2.3% | +0.2% | ▲ higher | −20.4 | +14.4 |
| September 2024 | Oct 31, 2024 | 2.1% | +0.2% | ▼ lower | +6.6 | +6.6 |
| August 2024 | Sep 27, 2024 | 2.2% | +0.1% | ▼ lower | +27.8 | +32.5 |
| July 2024 | Aug 30, 2024 | 2.5% | +0.2% | ■ same | −16.1 | −22.7 |
| June 2024 | Jul 26, 2024 | 2.5% | +0.1% | ▼ lower | +7.0 | +9.4 |
| May 2024 | Jun 28, 2024 | 2.6% | 0.0% | ▼ lower | −1.7 | −7.5 |
| April 2024 | May 31, 2024 | 2.7% | +0.3% | ■ same | +25.1 | +20.5 |
| March 2024 | Apr 26, 2024 | 2.7% | +0.3% | ▲ higher | +5.9 | −8.7 |
| February 2024 | Mar 29, 2024 | 2.5% | +0.3% | ▲ higher | +18.1 | +19.4 |
| January 2024 | Feb 29, 2024 | 2.4% | +0.3% | ▼ lower | +7.8 | +14.1 |
| December 2023 | Jan 26, 2024 | 2.6% | +0.2% | ■ same | −3.4 | −10.0 |
| November 2023 | Dec 22, 2023 | 2.6% | −0.1% | ▼ lower | +0.2 | +6.9 |
| October 2023 | Nov 30, 2023 | 3.0% | 0.0% | ▼ lower | −14.1 | −24.4 |
| September 2023 | Oct 27, 2023 | 3.4% | +0.4% | ▼ lower | −0.9 | +36.3 |
| August 2023 | Sep 29, 2023 | 3.5% | +0.4% | ▲ higher | +4.1 | −14.2 |
| July 2023 | Aug 31, 2023 | 3.3% | +0.2% | ▲ higher | −7.2 | −15.0 |
| June 2023 | Jul 28, 2023 | 3.0% | +0.2% | ▼ lower | −7.9 | −14.4 |
| May 2023 | Jun 30, 2023 | 3.8% | +0.1% | ▼ lower | +17.9 | +34.8 |
| April 2023 | May 26, 2023 | 4.4% | +0.4% | ▲ higher | −24.6 | −23.7 |
| March 2023 | Apr 28, 2023 | 4.2% | +0.1% | ▼ lower | −4.8 | +29.4 |
| February 2023 | Mar 31, 2023 | 5.0% | +0.3% | ▼ lower | +9.4 | +2.8 |
| January 2023 | Feb 24, 2023 | 5.4% | +0.6% | ▲ higher | −18.2 | −31.3 |
| December 2022 | Jan 27, 2023 | 5.0% | +0.1% | — | +1.9 | −17.7 |
How the dollar reacts to the PCE inflation report
Measured on one-minute candles for the 45 reports since Jan 27, 2023, the same way each time: the price just before the release against the price 1, 5, 15 and 60 minutes after. The median move in EUR/USD in the first 15 minutes was 7.2 pips, and the pair’s range in the first 15 minutes (high to low) was 19.8 pips. In 12 of 45 the direction at 15 minutes was the opposite of the direction at 60.
A higher figure is not reliably good for the dollar. When the headline was higher than the report before (18 reports), EUR/USD was lower, a stronger dollar, 15 minutes after in 8; when it was lower (19 reports), in 7. These are small samples, and they set each report against the one before, not against what economists expected, which is what markets trade. This site does not publish those forecasts, so it cannot say whether a report surprised. Past reactions describe what happened; they are not a forecast.
What it means for the next Fed decision
The Fed decides next on Wednesday, December 9, 2026 at 2:00 PM EST. Data like this PCE inflation report is part of what the committee weighs: see the Fed rate forecast for the dots against today’s rate.
The odds from the record for that meeting: hold 62%. They are counted from every Fed decision since 2008 by fixed rules, not from markets and not from this report: how they are made.
Upcoming PCE inflation report dates
As the calendar lists them, in New York time. U.S. Bureau of Economic Analysis publishes the official schedule.
| Report for | Date | New York | UTC |
|---|---|---|---|
| October 2026 | Wednesday, November 25, 2026 | 8:30 AM EST | 1:30 PM UTC |
| November 2026 | Friday, December 18, 2026 | 8:30 AM EST | 1:30 PM UTC |
| December 2026 | Friday, January 29, 2027 | 8:30 AM EST | 1:30 PM UTC |
| January 2027 | Friday, February 26, 2027 | 8:30 AM EST | 1:30 PM UTC |
| February 2027 | Wednesday, March 31, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| March 2027 | Thursday, April 29, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| April 2027 | Thursday, May 27, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| May 2027 | Wednesday, June 30, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| June 2027 | Thursday, July 29, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| July 2027 | Friday, August 27, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| August 2027 | Thursday, September 30, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| September 2027 | Friday, October 29, 2027 | 8:30 AM EDT | 12:30 PM UTC |
| October 2027 | Tuesday, November 30, 2027 | 8:30 AM EST | 1:30 PM UTC |
| November 2027 | Friday, December 17, 2027 | 8:30 AM EST | 1:30 PM UTC |
US PCE inflation report: questions
What was the latest PCE inflation report?
The latest US PCE report, for September 2026, showed the PCE price index up 3.6% on the year and core PCE, the Fed’s preferred measure, up 3.1%.
When is the next PCE inflation release?
Wednesday, November 25, 2026 at 8:30 AM EST, for October 2026. After it: Dec 18, 2026, Jan 29, 2027, Feb 26, 2027. Dates are the calendar’s; U.S. Bureau of Economic Analysis publishes its own schedule.
What is the difference between PCE and CPI?
Both measure consumer price inflation. PCE covers a broader range of spending and is weighted by what people actually buy; the Fed’s inflation target is set in PCE terms. CPI comes out first, a few days before.
Why does the Fed watch core PCE?
It leaves out food and energy, which swing from month to month, so it shows the underlying trend the Fed is trying to steer.
How does the dollar react to the PCE inflation report?
Across the 45 reports measured since Jan 27, 2023, the median move in EUR/USD in the first 15 minutes was 7.2 pips and the pair’s range in those 15 minutes was 19.8 pips. In 12 of the 45 the direction at 15 minutes was not the direction at 60. Past reactions describe what happened, not what will.
Is a higher inflation figure good for the dollar?
Not reliably. Of the 18 reports where the headline figure was higher than the one before, EUR/USD was lower (the dollar higher) 15 minutes after in 8; of the 19 where it was lower, in 7. That compares with the previous report, not with what economists expected, which is what markets trade, and this site does not publish those forecasts.
Where do the figures come from?
U.S. Bureau of Economic Analysis, as first published, with FXStreet economic calendar for the release times and Dukascopy bid candles for the prices, read automatically and never typed by hand. Reports are later revised; check the agency’s own site.
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