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Event | Date | Time | For Period |
Currency | Actual | Forecast |
Personal Consumption Expenditures (PCE) y/y is a measure of the change in the total amount of money spent by households on goods and services over a given period, compared to the same period in the previous year.
PCE y/y is important because it provides insight into the level of consumer spending and its impact on the economy. Consumer spending is a major driver of economic growth and accounts for a significant portion of Gross Domestic Product (GDP), which measures the total output of goods and services in an economy. A higher PCE y/y indicates that consumers are spending more money, which can stimulate economic growth and job creation. PCE y/y is also a key indicator of inflation. Higher levels of consumer spending can lead to increased demand for goods and services, which can push prices higher. Therefore, a higher PCE y/y may suggest that inflationary pressures are building, which could prompt the Federal Reserve to raise interest rates to keep inflation in check. Moreover, PCE y/y is used by policymakers to evaluate the effectiveness of economic policies and make decisions related to monetary policy. If PCE y/y is growing too quickly, policymakers may take steps to slow down economic growth to prevent inflation from spiraling out of control. On the other hand, if PCE y/y is not growing fast enough, policymakers may take steps to stimulate economic growth by lowering interest rates or implementing other fiscal policies.
ADP Employment Change |
Average Hourly Earnings |
Average Weekly Hours |
Budget Balance NEXT:11-Dec-2024 |
Building Permits NEXT:18-Dec-2024 |
Business Inventories / Sales Ratio NEXT:17-Dec-2024 |
Business Inventories m/m NEXT:17-Dec-2024 |
Business Inventories y/y NEXT:17-Dec-2024 |
Business Sales m/m NEXT:17-Dec-2024 |
Business Sales y/y NEXT:17-Dec-2024 |
Capacity Utilization Rate m/m NEXT:17-Dec-2024 |
Capital Account Balance NEXT:18-Dec-2024 |
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