Forecasting personal consumption expenditures (PCE) with Indicio

Forecasting personal consumption expenditures (PCE) with Indicio

From macrobond.com

With inflation in focus, we have generated a forecast for US personal consumption expenditures (PCE) with Indicio. Indicio is an automated, machine-learning platform that allows you to estimate univariate and multivariate time series models to forecast macroeconomic and financial data. While the consumer price index (CPI) is perhaps better known as an inflation gauge, the Federal Reserve is known to pay close attention to measures of PCE, rather than CPI, which puts a larger weight on shelter, food and energy. (We have previously written about the real-time differences between CPI and PCE and the implications for ... (full story)

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