This indicator measures the quarter-over-quarter change in real personal consumption expenditures, reflecting consumer spending adjusted for inflation.
Releases at
13:30
Thursday, October 29, 2026 at 13:30
Consumer spending is a major driver of the US economy, accounting for a significant portion of GDP, so changes in Real PCE indicate shifts in economic growth.
Central banks, including the Federal Reserve, monitor Real PCE to assess inflationary pressures and the strength of consumer demand, which influence monetary policy decisions.
Investors watch this data to gauge economic momentum and adjust expectations for interest rates, corporate earnings, and market performance.
Suggests stronger consumer demand and economic growth, potentially leading to higher interest rates and a stronger USD.
Indicates weaker consumer spending and slower economic growth, which may prompt expectations of looser monetary policy and a weaker USD.
Markets typically see little reaction as the data confirms current economic and policy outlooks.