CPI基于一篮子消费品和服务价格的加权平均数,其权重每年调整。而PCE指数则根据美国个人消费支出中的耐用品、非耐用品及服务进行统计,权重根据GDP个人消费支出部分各类商品与服务的占比确定。 CPI采用拉氏加权平均法计算,每两年根据城镇居民消费结构变化调整权重。PCE价格指数则通过链式加权平均法计算,分别计算当期名义消费...
在交易分析中，常会听到美国CPI与PCE指数，而这两个指数是美国最重要的通胀指标，对汇价走势有非常大的影响。控制通胀是美联储的双重职权之一，通胀水平是美联储制定货币政策的主要依据之一。CPI(consumer price index消费者物价指数)和PCE(Personal Consumption Expenditures Price Index个人消费支出物价指数）是美联储衡...
◦工资-物价螺旋风险:个人收入环比+0.4%(高于预期的+0.3%),时薪增速仍高于4%。 1.通胀粘性超预期:分项拆解市场误判根源:此前市场过度关注CPI中能源价格回落,但美联储更重视PCE中服务业的“顽固通胀”。 ◦ 数据公布后,6月降息概率从60%骤降至45%,全年降息预期从3次(75bps)压缩至2次(50bps); ◦利率...
have started accelerating again on a year-over-year basis. The driver of inflation has been and still is in “core” services, which, at 3.8% year-over-year for the core services PCE price index, remains substantially higher than b...
sectors managing to eke out gains include utilities and telecom; sectors pulling to the downside include materials and technology; Weir acquires Micromine; focus on German CPI and US PCE price index to be published later in the day; earnings expected in the upcoming Americas session includ...
CPI vs. PCE: Untangling the Alphabet Soup of Inflation Gauges.McGintyJoCravenWall Street Journal (Online)McGinty, J. C. 2015. "CPI vs PCE: Untangling the Alphabet Soup of Inflation Gauges." Wall Street Journal, March 20.
The monthly Personal Consumption Expenditures Price Index Report, or PCE Report, helps gauge the strength of the consumer sector of the economy. This is known as the Federal Reserve's favorite inflation metric and can influence market watchers' expectati
CPI全称为Consumer Price Index, 是消费者价格指数的意思, 我们以前说过,想复习的点这里 不同国家统计CPI的口径和权重不同,美国统计CPI就和我国有所差别, 但都是用来衡量物价水平的。 然而,作为美国的央行,美联储更多的时候是用PCE来衡量通胀情况。
Core CPI InflationConsumer price index (CPI) is the most widely used measure of inflation for consumers. It is calculated using prices of a fixed basket of goods and services which a typical urban consumer buy. CPI employs the Laspeyres formula in aggregating different goods and services which ...
2. PCE的數據經過計算後,就會變成PCE價格指數(PCE Price Index),去除季節性食物與能源之後,就稱為核心PCE價格指數。 3. PCE價格指數是由經濟分析局(BEA)發行,是衡量消費者購買的商品或服務的自付費用+其他未自付的費用(例如保險公司支付的理賠);CPI消費者物價指數是由美國勞工統計局(BLS)發行,是衡量消費者購買的...