That's a 0.59 % move down in
PCE inflation estimates for 2015.
Not exact matches
As a result, we have raised our 2018 S&P 500 earnings - per - share
estimate from $ 140 to $ 150 (versus $ 130 in 2017), with a target P / E multiple of 20 due to relatively low Treasury yields (around 2.40 %) and benign core
PCE inflation (1.4 %).
The figure includes the unemployment rate, the Fed's
estimate of the «natural rate» — the lowest unemployment rate they believe to be consistent with stable
inflation at the 2 % target — year - over-year wage and price growth (using the core -
PCE deflator, the Fed's preferred
inflation benchmark right now).
The monthly data series includes the latest
estimate of core
PCE inflation, which is the Fed's preferred measure of price growth.