Personal Income & Outlays · PCE Price Index
Definition
This report covers household income, spending and the PCE price index — the inflation measure the Federal Reserve formally targets at 2%.
Why investors care
Because the Fed targets core PCE, this is arguably the most policy-relevant inflation print, alongside the real-spending read on the consumer.
What to watch
Core PCE often arrives already well-estimated from CPI and PPI two weeks earlier — the spending and saving-rate data can be the bigger surprise.