Core PCEFRED: PCEPILFEMacro
Core PCE Inflation
Core PCE 인플레이션
1. Definition
Personal Consumption Expenditures price index excluding food and energy. The Fed's most-trusted inflation gauge. Adjusts weights faster than CPI and handles medical costs differently.
2. Reading Guide
Compare against Fed's 2% target. 3-month annualized trend offers a faster signal than year-over-year.
3. ETF Trading Implications
Core PCE settling below 2.5% → rising Fed cut probability → rate-sensitive assets rally.
4. Related ETFs
6. Frequently Asked Questions
Q. CPI vs Core PCE — what's the difference?▼
PCE reflects *actual consumer substitution* (consumers shift to substitutes when prices rise). CPI uses a *fixed basket*. PCE generally prints lower than CPI.
Q. Does the Fed only watch Core PCE?▼
The official target is Headline PCE 2%, but trend assessment is based on Core PCE. FOMC commentary is Core-focused.
Source · License
Source: BEA · U.S. Bureau of Economic Analysis
License: 공공 데이터 (월 1회)
API: FRED PCEPILFE