#PCEInflationWatch
The Personal Consumption Expenditures (PCE) Price Index is a key measure of inflation in the United States, tracking the price changes of goods and services consumed by households. The core PCE price index, which excludes volatile food and energy prices, is closely monitored by the Federal Reserve when making monetary policy decisions. Recent data shows that the PCE inflation rate has been above the Fed's target of 2%, indicating persistent price pressures in the economy.