Core PCE Price Index m/m comes in at 0.3% against 0.3% consensus

The Core PCE Price Index month over month for the United States was released today, October 29, 2026, at 0.3%. This figure matched the consensus expectation of 0.3%. The previous month’s reading was 0.2%. The actual result represented a 5.5% surprise relative to the consensus. Core PCE is a key inflation gauge closely watched by the Federal Reserve.

Following the release, market reaction was observed across major currency pairs and gold. Fifteen minutes after the data, AUDUSD was up 2.4 pips, EURUSD gained 4.4 pips, GBPUSD rose 7.4 pips, and NZDUSD increased by 5.0 pips. In contrast, USDCAD moved down 1.3 pips, USDCHF declined 7.1 pips, and USDJPY fell 7.6 pips. Gold, XAUUSD, was down 2.6 pips. These initial moves are generally smaller when compared to the median 1-hour moves typically seen after similar releases, which include 8 pips for AUDUSD, 11 pips for EURUSD, 13 pips for GBPUSD, 8 pips for NZDUSD, 13 pips for USDCAD, 7 pips for USDCHF, 10 pips for USDJPY, and 29 pips for XAUUSD.