Inflation is important for the value of a currency because rising prices force the central bank to raise interest rates in order to control inflation. Therefore, PCE is the main way that the Federal Reserve knows how much prices are going up.
Professor C. E. Ward
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Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.