What is the PCE price index?

May 27, 2021
The personal consumer expenditures price index is one of the Fed's favorite tools for tracking inflation.
When the price of beef rises and people switch to chicken for a few weeks? The PCE tracks that change.
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Here's how the Federal Reserve determines the inflation rate

Oct 11, 2018
The Consumer Price Index tracks the average price change over time for a “basket”  of goods and services. The CPI takes into account things like food, transportation and health care. If the CPI goes up, that’s considered an indication that the inflation rate is rising. But when the Federal Reserve calculates the inflation rate, it […]
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