U.S. March Core PCE Price Index year-on-year expected at 2.60%, April ADP employment figures expected at 115,000

According to BlockBeats, the U.S. March Core PCE Price Index year-on-year will be announced tonight at 22:00, with an expectation of 2.60%, compared to the previous value of 2.80%. The Core PCE is a key indicator for measuring U.S. consumer inflation.

The Federal Reserve set a long-term inflation target of 2% for the Core PCE year-on-year increase in 2012. If it exceeds 2%, the Federal Reserve may tighten monetary policy. In addition, the U.S. April ADP employment figures will be announced tonight at 20:15, with an expectation of 115,000, compared to the previous value of 155,000.