macro_pce
US PCE Inflation (Fed's Preferred Gauge)
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The Fed's preferred inflation gauge: Personal Consumption Expenditures (PCE) price index, headline and core.
The Federal Reserve targets PCE inflation, not CPI, when setting policy. Returns the headline index and "PCE excluding food and energy" (the actual core measure the Fed watches), each with year-over-year and month-over-month percent change computed from BEA's published index levels.
When to use: Fed-policy reasoning, comparing the Fed's actual inflation target against CPI, macro research that specifically needs PCE rather than CPI.
When NOT to use: you want CPI (use bls_cpi, which is timelier and what headlines usually report) or category-level PCE detail.
Args: none.
Returns structuredContent:
{
"asOf": "2026-06",
"headline": { "index": 129.5, "yoyPercent": 2.6, "momPercent": 0.3 },
"core": { "index": 131.2, "yoyPercent": 2.8, "momPercent": 0.2 },
"source": "https://www.bea.gov/data/personal-consumption-expenditures-price-index"
}
Input schema
Raw JSON schema
{
"$schema": "http://json-schema.org/draft-07/schema#",
"type": "object",
"properties": {}
}