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Inflation: The difference between CPI and PCE explained
Youtube· 2026-01-26 21:05
Inflation is at the top [music] of everyone's mind right now. Why, you ask. Because when they go to the grocery store, they're worried about paying higher prices for beef, poultry, cereal, toilet paper, paper towels, you name it.Now, we all know that inflation [music] means an increase in price. And we're going to break it down for you right now. There are two primary ways to measure inflation.First up is the CPI or the consumer price index. And the second one is the PCE, the Fed's preferred inflation index ...
Gold (XAUUSD) Price Forecast: Will PCE Trigger Correction as Greenland Premium Cools?
FX Empire· 2026-01-22 13:44
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...
海外宏观策略周报:全球背景下,美国或处于低通胀前沿-20260119
Haitong Securities International· 2026-01-19 13:04
US Macro - The CPI rose by 0.3% in December, meeting expectations, with a year-on-year increase of 2.7%, unchanged from November. The core CPI increased by 2.6%, slightly below the expected 2.7% [6][28] - The overall CPI increase was primarily driven by food prices, which rose by 0.7% in December, marking the largest increase since 2022. Energy prices also saw a slight increase, but gasoline and fuel prices declined [6][8] - The US is likely at the forefront of low inflation globally, with core inflation remaining below the Fed's 2% target for the second consecutive month and lower than the average in most developed markets [7][35] - Tariff-related core goods inflation has shown a clear cooling trend since peaking in September 2025, indicating that the impact of tariffs on inflation has passed its peak and continues to be lower than expected [7][35] - Service inflation remains dominant, with housing prices rising by 0.4% in December, the largest increase since August 2025, contributing significantly to the overall CPI [8][35] CPI and PCE Differences - The Federal Reserve's long-term inflation target is set at 2% annual growth in PCE, making it the primary benchmark for monetary policy, while CPI is more commonly referenced in short-term market reactions [30][18] - PCE has broader coverage than CPI, including government and employer-paid healthcare, which is not reflected in CPI, aligning better with GDP accounting [30][18] - The market typically focuses more on CPI due to its earlier release and historical familiarity, while the Fed uses PCE for long-term trends [21][30]
第一创业晨会纪要-20251224
First Capital Securities· 2025-12-24 07:52
Macroeconomic Overview - The U.S. GDP growth for Q3 exceeded expectations, with an initial annualized rate of 4.3%, compared to a forecast of 3.3% and a previous quarter's final value of 3.8% [4] - Personal consumption expenditures rose from 2.5% in Q2 to 3.5% in Q3, surpassing the expected 2.7% [4] - Exports increased significantly by 8.8%, while imports decreased by 4.7% [4] Industry Insights Precious Metals - International gold and silver prices reached historical highs, with COMEX gold futures at $4,515 per ounce (up 1.02%) and silver at $71.61 per ounce (up 4.44%) [7] - The rise in precious metals prices is attributed to market expectations of continued interest rate cuts by the U.S. government [7] Medical Supplies - The sixth batch of high-value medical consumables procurement has been officially launched, including drug-coated balloons and urological intervention consumables, with bidding set for January 13, 2026 [8] - The introduction of anchor pricing and a multi-repetition mechanism is expected to prevent malicious competition, although significant price declines are anticipated [8] Automotive Industry - Retail data for January-November 2025 shows that major brands like BYD, Volkswagen, and Toyota dominate the market, with the top ten brands holding a combined market share of 51.7% [10] - The competitive landscape remains fragmented, with ongoing price wars likely due to the lack of a dominant market structure [10] - Demand resilience in the battery supply chain is noted, but profitability will depend on product structure and bargaining power [10] Air Conditioning Sector - The air conditioning industry experienced a significant decline in production and sales in November, with production and sales down approximately 37% and 32% year-on-year, respectively [12] - The decline is attributed to high base effects from previous government subsidy policies and abnormal weather conditions [12] - A cautious outlook is maintained for the industry, with production plans for January 2026 indicating a year-on-year increase of about 21% [12]
2026年股指年度展望:结构为王盈利为核
Nan Hua Qi Huo· 2025-12-23 11:22
2025 12 2026 2026 2026 PPI Z0016413 gaoxiang@nawaa.com Z0022951 liaocy@nawaa.com 0571-81727107 0571-89727506 | 1. | 2025 | | 1 | | --- | --- | --- | --- | | | 1.1 | | 1 | | | 1.2 2025 | | 6 | | | 1.3 1 -3 | | 8 | | | 1.4 4 -6 | | 8 | | | 1.5 7 -8 | | 8 | | | 1.6 9 -12 | | 8 | | 2. | 2026 | | 10 | | | 2.1 | | 10 | | | 2.2 PPI | | 12 | | | 2.3 | | 14 | | 3. | | | 19 | | | 3.1 | | 19 | | | 3.2 | | 19 | | | 3.3 | | 19 | 2011 1290 | 1.1 | | 300 | | 1 | | --- | --- | --- | --- | --- | | 1.2 | | 300 | | 2 | | 1.3 ...
X @CoinMarketCap
CoinMarketCap· 2025-12-15 18:00
LATEST: ⚡️ Bitcoin fell below $86,000 today as markets await key US inflation data releases this week, with analysts saying the upcoming CPI and PCE reports could set the tone for the rest of December. https://t.co/1L0mte1Ahj ...
X @Wu Blockchain
Wu Blockchain· 2025-12-05 15:14
US reported that core PCE rose 2.8% year-on-year in September, down from 2.9% in the previous month, marking a three-month low. The market had expected a third consecutive month of 2.9%. ...
Gold News: Gold Analysis Shows Bulls Defending $4192.36 Ahead of PCE and FOMC
FX Empire· 2025-12-05 12:28
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to investments in cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions, including investments or purchases [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to exercise their own discretion [1]. Group 2 - The website includes information about complex financial instruments such as cryptocurrencies and CFDs, which carry a high risk of losing money [1]. - Users are encouraged to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1]. - The website may feature advertisements and promotional content, and FX Empire may receive compensation from third parties related to such content [1].
KG: SPX "Clawing Back" After ISM Services, ADP "Big Deal" for Small Business
Youtube· 2025-12-03 15:30
Let's bring in Kevin Green now who joins me to get us across some more data and we just have hitting the tape of the 10hour. The ISM services numbers talk us through what you're seeing there as far as the PMIs today. Kevin.>> Yeah, actually if you're looking at ISM services PMIs are actually better than the street's expectations in two areas here. If you're looking at the overall number that came in at 52.6%, Street was looking for 52 even and that's actually better than what we saw last uh month at 52.4% h ...
Gold (XAUUSD) & Silver Price Forecast: Markets Brace for ADP, PCE as Metals Hold Gains
FX Empire· 2025-12-03 06:16
Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in relation to complex financial instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news, personal analysis, and third-party materials intended for educational and research purposes [1]. - It explicitly states that the information does not constitute a recommendation or advice for investment actions [1]. - The content is not tailored to individual financial situations or needs, highlighting the necessity for users to exercise their own discretion [1]. Group 2 - The website includes information about cryptocurrencies, CFDs, and other financial instruments, which are described as complex and high-risk [1]. - Users are encouraged to conduct their own research before making investment decisions and to fully understand the risks involved with these financial instruments [1].