PCE price index
Also called personal consumption expenditures price index, core PCE
The personal consumption expenditures price index, published monthly by the Bureau of Economic Analysis; the Fed's 2% inflation goal is set on it.
Why watch PCE when there is CPI?
The PCE index covers a broader mix of household spending and reflects consumers switching to cheaper goods, so it can differ from CPI in the same month.
The Fed defines its inflation goal as 2% a year on PCE and pays particular attention to core PCE, without food and energy.
Whalegun's economic data page shows PCE and core PCE with their release dates.
See it on Whalegun
More terms in this area
- FOMCThe Federal Reserve body that sets the policy rate; it holds eight scheduled meetings a year.
- Federal funds rateThe rate at which US banks lend each other overnight money; the Fed sets a target range for it, and that range is the US policy rate.
- Dot plotA chart in which each FOMC participant places one dot at the year-end policy rate they think appropriate.
- Consumer Price IndexAn index of the prices urban US consumers pay for goods and services, published monthly by the Bureau of Labor Statistics.
- Jobs reportThe Bureau of Labor Statistics report, usually released on the first Friday of the month, with the change in nonfarm payrolls and the unemployment rate.
- US Treasury yieldsThe yields on US government debt, quoted by maturity: the 2-year, the 10-year and others.