Source: https://mochatrade.com/learn/glossary/pce

# PCE
URL: https://mochatrade.com/learn/glossary/pce
Last modified: 2026-10-17

PCE, the personal consumption expenditures price index, is the inflation measure the Fed targets at 2%, published by the BEA. It prices the basket [a second way, with different weights](https://mochatrade.com/learn/us-market-structure/us-stock-market-explained), lands about two weeks after CPI, and usually moves less because [CPI already told the market most of it](https://mochatrade.com/learn/us-market-structure/us-inflation-explained). [Why the Fed votes on this one and the news leads with CPI](https://mochatrade.com/blog/mocha-markets-weekly-dec).

## Related terms

- CPI: https://mochatrade.com/learn/glossary/cpi
- Core CPI: https://mochatrade.com/learn/glossary/core-cpi
- PPI: https://mochatrade.com/learn/glossary/ppi
- Federal Reserve: https://mochatrade.com/learn/glossary/federal-reserve
- Nonfarm payrolls: https://mochatrade.com/learn/glossary/nonfarm-payrolls
- Bid-ask spread: https://mochatrade.com/learn/glossary/bid-ask-spread