At 20:30 Beijing time, 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 a variety of goods and services and their spending preferences. The Federal Reserve prefers to use the PCE index rather than the Labor Department's Consumer Price Index (CPI), as the former takes into account changes in consumer behavior, such as alternative purchases, and is broader in scope. For July's PCE reading, Dow Jones' consensus expectation is that there will be little change in near-term trends. Overall PCE and core PCE are expected to grow 0.2% month-on-month and 2.5% and 2.7% year-on-year, respectively. The year-on-year growth rate of core PCE is expected to increase slightly compared to June, while the measurement for all items remains unchanged.