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PCE data for June will be released on July 26. Powell and other Fed officials say they want to begin cutting rates before inflation actually hits 2% since the impact of monetary policy takes time ...
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.
Economists expect annual "core" PCE — which excludes the volatile categories of food and energy — to have clocked in at 2.8% in October, up from the 2.7% seen in September.
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 ...
The Commission concluded that more than half of the overestimation was due to slow adjustments in the index to new products or changes in product quality. At that time, the weights for indices like CPI-U and CPI-W were updated only once per decade; today, they are updated in January of even-numbered years.
This system regroups commodity indexes to create aggregate PPIs according to the type of buyer and the amount of physical processing or assembly products have undergone. The FD-ID system replaced the PPI "stage-of-processing" (SOP) system as PPI's primary aggregation model with the release of data for January 2014.
A blowout earnings report from AI darling Nvidia sent stocks to record highs last week.New inflation data will test that rally in the coming days. The S&P 500 and Dow Jones ended the week up about ...
A producer price index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output. Formerly known as the wholesale price index between 1902 and 1978, the index is made up of over 16,000 establishments providing approximately 64,000 price quotations that the U.S. Bureau of Labor Statistics (BLS) compiles each month to represent thousands ...