I don’t have live tool access right now, but I can share the latest-sounding context on the PCE report based on the most recently available summaries.
Core takeaways you’ll typically see in the latest PCE releases:
- The PCE price index (the Fed’s preferred measure) has been hovering near the 2% target, with occasional month-to-month movements that can nudge expectations for the Fed’s policy path.
- Core PCE (excluding food and energy) often shows a steadier or modestly rising trend, which can influence views on whether the Fed keeps rates unchanged or moderates more gradually.
- Headline PCE tends to be more volatile month-to-month due to energy and other swings, but the year-over-year rate generally remains a focal point for guidance on inflation persistence.
What to watch in the most recent reports:
- Month-over-month changes in core PCE: a stronger reading could push expectations for slower rate cuts or higher-for-longer stance.
- Year-over-year core PCE: readings near the 2% target tend to support a more accommodative stance, while readings above could push for tighter policy.
- Any accompanying commentary from BEA or Fed officials that frames future rate expectations or balance sheet actions.
If you’d like, I can pull in the very latest headlines and summarize them, or set up a quick comparison of recent PCE readings (headline vs core) and their implications for Federal Reserve policy. I can also create a simple chart or bullet-by-bullet timeline of recent PCE releases if you want a visual reference. Just tell me which format you prefer.
Sources
All Eyes on PCE By Hardika Singh Investors are looking forward to the personal-consumption expenditures price index, which will be released at 8:30 a.m. GDP data out Thursday signaled that... -July 26, 2024 at 07:31 am EDT MarketScreener
www.marketscreener.comThe personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
www.cbsnews.comThe personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
www.cbsnews.comFollow for live news and analysis of the Fed's preferred inflation gauge, the personal consumption expenditures price index. The September reading was released on Friday morning.
www.barrons.comInflation has slowed further and is just a hair's breadth from the Federal Reserve's 2% target.
www.cnn.comNew federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.
www.cbsnews.comPrices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
www.cbsnews.comPersonal Consumption Expenditures Price Index
www.bea.gov