Financial Services Industry
Industry: Email Alert RSS FeedThank PCE for 'Measured' Rise in Interest Rates
US Banker, September, 2004
Most Americans would agree that Federal Reserve Chairman Alan Greenspan has been a worthy steward of monetary policy since he assumed the helm in 1987. Aside from steering the country through the stock market crash of 1987, the Internet bubble and two recessions, U.S. citizens can also be thankful for the chairman's popularizing of a once wonkish economic metric known as the personal-consumption expenditure index (PCE).
Mention of the PCE in the press is still often followed by a subordinate clause stating that it's the good chairman's favorite measurement of inflation. Why is that? And why did it displace the consumer price index (CPI) as the metric of choice? Put simply, while the CPI measures the monthly cost of a fixed basket of consumer items, the PCE is more flexible,...
- How to choose the right insurance carrier for your business
- Real Estate: Prepare your properties to weather what lies ahead
- Technology: Be prepared if part of your global supply chain goes missing
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express