Search results
Results from the WOW.Com Content Network
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 ...
Following the release of the PPI data, economists raised their estimates for the October core PCE price index increase to a 0.28%-0.32% range. That was up from the 0.2%-0.26% band after the CPI ...
The latest reading from the Personal Consumption Expenditures (PCE) index showed inflation rose 2.1% during the month of September, compared with 2.3% in August — within shouting distance of the ...
Another mild inflation reading sets the stage for the Fed's first rate cut since 2020. The question now is how big that first cut will be.
The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...
The odds of a bigger cut rose slightly to 54% following the release of the PCE data. The consensus among Fed officials outlined last week is for two more 25 basis point rate cuts in 2024.
A trimmed mean PCE price index, which separates "noise" and "signal" means that the highest rises and declines in prices are trimmed by a certain percentage, attributing to a more accurate measurement on core inflation. In the United States, the Dallas Federal Reserve computes trimming at 19.4% at the lower tail end and 25.4% at the upper tail.
The latest reading of the Fed's preferred inflation gauge showed prices increased slightly more than expected in June. The core Personal Consumption Expenditures (PCE) index, which strips out the ...