The Bureau of Economic Analysis is set to release the Federal Reserve’s preferred measure of inflation, the personal consumption expenditure (PCE) index for August at 8:30 a.m. ET Friday.
Why the PCE Index Matters to the Fed
The PCE price index is the Fed’s preferred tool for tracking inflation, and it’s not without reason. Unlike other metrics, such as the consumer price index, the PCE index casts a wider net.
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