Odaily Planet Daily News Beijing time 20:30, the U.S. Department of Commerce will release the Personal Consumption Expenditures Price Index (PCE), a broad indicator that covers the prices consumers pay for various goods and services and their consumption preferences. The Federal Reserve prefers the PCE index rather than the Labor Department's Consumer Price Index (CPI) because the former takes into account changes in consumer behavior, such as alternative purchases, and has a wider range. For the July PCE reading, the Dow Jones consensus expectation is that the recent trend will not change much, and the overall PCE and core PCE are expected to grow by 0.2% month-on-month, and year-on-year growth rates of 2.5% and 2.7%, respectively. The year-on-year growth rate of core PCE is expected to show a slight increase, a slight increase compared to June, while the measurement results of all items remain unchanged. (Jinshi)