PCE stands for Personal Consumption Expenditures. It is a measure of the total spending by individuals on goods and services. It is used by economists to measure the overall health of the economy. It is the number one metric Jerome Powell watches to make decisions on interest rates. Friday’s PCE data was not only higher than the estimate but also higher than the last actual reading.
📈Higher Inflation...Watch this level
📈Higher Inflation...Watch this level
📈Higher Inflation...Watch this level
PCE stands for Personal Consumption Expenditures. It is a measure of the total spending by individuals on goods and services. It is used by economists to measure the overall health of the economy. It is the number one metric Jerome Powell watches to make decisions on interest rates. Friday’s PCE data was not only higher than the estimate but also higher than the last actual reading.