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PCE Price Index YoY

Name: PCE Price Index YoY
Creator: TipRanks

The PCE Price Index YoY (Personal Consumption Expenditures Price Index Year-over-Year) measures the average change in prices for goods and services consumed by individuals in the USA over a year. It is a key indicator of inflation, closely monitored by the Federal Reserve to guide monetary policy decisions. Its significance lies in its ability to influence interest rates, consumer purchasing power, and overall economic stability. Financial markets react to changes in the PCE Price Index as it impacts expectations for future monetary policy and economic growth.