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The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...
Ahead of Friday's PCE release, Federal Reserve Chair Jerome Powell noted recent inflation data "[adds] somewhat to confidence" inflation is moving toward the Fed's 2% target. The Fed's next ...
Following the PPI data, economists lowered their estimates for so-called core PCE inflation to 0.13% from 0.2% on Wednesday after the CPI report. ... The core PCE inflation is one of the measures ...
The U.S. central bank tracks the PCE price measures for its 2% inflation target. ... Following the release of the PPI data, economists raised their estimates for the October core PCE price index ...
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
Economists expect annual inflation according to the Fed's preferred inflation gauge — "core" PCE — clocked in at 3.5% in October. Over the prior month, economists expect "core" PCE rose 0.2%.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
An update on the inflation story will come on Friday with the release of the PCE index for December. Economists expect annual "core" PCE — which excludes the volatile categories of food and ...