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The personal consumption expenditure ( PCE) measure is the component statistic for consumption in gross domestic product (GDP) collected by the United States Bureau of Economic Analysis (BEA). It consists of the actual and imputed expenditures of households and includes data pertaining to durable and non-durable goods and services.
The June PCE report "is consistent with the Fed holding interest rates steady at next week’s decision, then making a first interest rate cut at the following meeting in September," added Bill ...
Fed officials use the PCE measure as their main baseline to gauge inflation, which continues to run above the central bank’s 2% long-range target. ... “A two-word summary of the report is ...
Core PCE rose 0.2 % from the prior month, in line with Wall Street's expectations for 0.2% and faster than the 0.1% increase seen in May. ... The report follows recent promising inflation prints.
PCE or eticyclidine, an illegal drug related to Phencyclidine (PCP) Tetrachloroethylene (perchloroethylene), widely used in dry-cleaning. Pro-opiomelanocortin converting enzyme, an enzyme. Pyrometric cone equivalent, measuring heat in the firing of pottery. Power conversion efficiency, a near synonym for "Energy conversion efficiency" often ...
The United States Consumer Price Index ( CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used indices are the CPI-U and the CPI-W, though many alternative versions exist for different uses. For example, the CPI-U is the most popularly cited measure of ...
The May PCE report is the latest update on inflation as investors ponder when the Federal Reserve will cut interest rates. Fed's preferred inflation gauge shows prices rose at slowest pace since ...
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. [ 1] This is the definition of "core inflation" most used for political purposes. The core inflation model was subsequently developed and advocated by Otto Eckstein, in a paper published in 1981. [ 2]