Macro
PCE (Personal Consumption Expenditures)
The Fed's own preferred inflation gauge, a close cousin of CPI with a slightly different formula.
See also
Inflation (CPI)
How fast prices are rising, measured through a basket of everyday goods and services.
Trimmed-Mean CPI
A version of inflation that ignores the most extreme price swings to show the underlying trend.
Federal Funds Rate
The interest rate the US central bank sets, and the one that quietly sets everyone else's.
Part of the Open Bell Glossary — plain-English explanations of the terms that come up on the show. Browse every term.