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Supercore PCE

A measure of core inflation that excludes food, energy, and housing costs from the Personal Consumption Expenditures price index. It is closely watched by the Federal Reserve as an indicator of underlying inflation trends in services.

Example

Supercore PCE came in hotter than expected at 4.8% year-over-year, rattling bond markets as traders repriced expectations for a more hawkish Fed stance on interest rates.