U.S. Core PCE Inflation Data for December Due Feb. 20, Forecast at 2.9% Year-on-Year

The U.S. core Personal Consumption Expenditures (PCE) price index for December is scheduled for release at 21:30 on Feb. 20, with the annual rate forecast at 2.9% versus 2.8% prior, BlockBeats reports. The Core PCE Price Index, developed by the U.S. Bureau of Economic Analysis, was adopted in 2002 by the Federal Open Market Committee (FOMC) as one of the Federal Reserve's primary inflation indicators.