Economic Forecasting宏观经济指标预测与研究Macro Indicators, Forecasts & Research
更新于 2026-09-01 04:36:06Updated 2026-09-01 04:36:06
月频宏观基本面Monthly Macro Fundamentals

核心PCE物价指数Core PCE Price Index

核心 PCE 是联储最关注的通胀口径之一，适合用来判断服务通胀和核心价格压力是否在持续回落。Core PCE is one of the Fed's preferred inflation gauges and helps frame whether underlying price pressure is still easing.

返回终端总览Back to overview terminal查看本次变化Open latest batch查看发布时间日历Open release calendar查看发布历史Open release history

当前周期读数Current-Cycle Readout

把当前可用值、上一期、下一预测和时间语义放在同一页，方便从总览切到单指标深读。Keep the current reading, prior observation, next forecast, and timing semantics on one page for single-indicator deep reading.

偏积极Constructive
当前可用值Current usable value
3.61%

核心PCE月度年化通胀Core PCE monthly inflation, annualized

上一期Previous reading
1.70%

观测 2026-06-30Observed 2026-06-30

现时预测Nowcast
3.54%

目标 2026-08-31Target 2026-08-31

状态Current status
正常Normal

按月发布，天然比日频和周频序列更滞后。Released monthly and naturally lags daily and weekly series.

数据状态Data status
缓存兜底Cached fallback

本轮上游抓数发生退化，站点沿用了上一版已验证的公开稳定值。This run degraded during upstream fetch, so the site carried forward the previous validated public value.

本次变化摘要This Cycle Change

这一层直接回答当前值相对上一正式值发生了什么，以及本周期是否已经出现新的正式发布。This layer answers what changed versus the prior official print and whether a new official release has already arrived this cycle.

变化方向Direction
上行Up

核心PCE物价指数 本轮抓取退化，站点沿用了上一个已公开的稳定值。Core PCE Price Index fell back to the last stable public value because this run degraded during fetch.

最新正式值Latest official value
130.66

上一来源值 130.34Previous source reading 130.34

本周期状态Cycle status
按官方节奏待发布Awaiting scheduled release

本轮上游抓数发生退化，站点沿用了上一版已验证的公开稳定值。This run degraded during upstream fetch, so the site carried forward the previous validated public value.

下一次正式发布Next official release
2026-09-30

29 天后In 29 days

核心PCE物价指数 当前沿用 3.61% 作为最近正式值；本周期尚无新正式发布，上一正式值为 1.70%。Core PCE Price Index is still carrying 3.61% as the latest official reading this cycle; no new official print has arrived yet and the prior official reading was 1.70%.

时间语义Time semantics

最新观测、官方发布、站点更新和预测目标分别回答的是不同问题，不能彼此替代。Observed, official release, site update, and forecast target answer different questions and should not be treated as interchangeable.

最新观测Observed2026-07-01 00:00
官方发布Official release2026-08-31 00:00
站点更新Site update2026-09-01 04:36
下一个月度窗口Next monthly window2026-08-31 00:00

图表阅读Chart view

先看焦点窗口确认最新拐点和预测边界，再看长历史窗口理解该指标在更长周期中的位置。Use the focus window for the latest turn and forecast boundary, then the long-history window for broader cycle context.

焦点图Focus chartNestedEnsemble[factor_bridge+robust_state_space]
长历史图Long-history chart全窗口Full window

模型与诊断Model & diagnostics

MAE2.568
RMSE9.357
MASE1.009
方向准确率Direction71.9%
相对基线技能值Skill vs baseline-0.9%
近期MASERecent MASE1.000

模型框架：NestedEnsemble[factor_bridge+robust_state_space]Model: NestedEnsemble[factor_bridge+robust_state_space]

发布时间节奏Release cadence

最近一次官方发布Latest official release2026-08-31 00:00
下一次官方发布Next official release2026-09-30 00:00

发布时间有早有后通常来自指标自身的官方节奏差异，而不是站点异常。Differences across release timing usually come from the indicator's official cadence rather than a site anomaly.

2026-08-31观测 2026-07-31Observed 2026-07-313.61%
2026-07-31观测 2026-06-30Observed 2026-06-301.70%
2026-06-30观测 2026-05-31Observed 2026-05-314.18%
2026-05-29观测 2026-04-30Observed 2026-04-303.25%
2026-04-30观测 2026-03-31Observed 2026-03-313.90%
2026-03-31观测 2026-02-28Observed 2026-02-284.34%
正式发布时间Official release观测期Observed at正式值Official value本周期标记Cycle flag
2026-08-312026-07-313.61%历史正式值Historical print
2026-07-312026-06-301.70%历史正式值Historical print
2026-06-302026-05-314.18%历史正式值Historical print
2026-05-292026-04-303.25%历史正式值Historical print
2026-04-302026-03-313.90%历史正式值Historical print
2026-03-312026-02-284.34%历史正式值Historical print
2026-02-272026-01-314.46%历史正式值Historical print
2026-01-302025-12-314.66%历史正式值Historical print
2025-12-312025-11-301.92%历史正式值Historical print
2025-11-282025-10-312.49%历史正式值Historical print
2025-10-312025-09-302.36%历史正式值Historical print
2025-09-302025-08-314.29%历史正式值Historical print

方法与边界Method & boundary

它适合用于观察中期通胀趋势，不适合直接替代更高频的市场定价信号。It is well suited to medium-horizon inflation tracking, but should not replace higher-frequency market pricing signals.

这一详情页把月度配置摘要、混频观察面和发布时间语义汇总到单一指标视角，方便从总览切到深读。This detail page condenses the monthly summary, mixed-cadence surface, and release semantics into a single-indicator view for deeper reading.

相关研究Related research

优先展示与当前指标直接相关的正式研究和模板化更新摘要，帮助从单指标延伸到主题判断。Prioritize anchor research and templated update briefs linked to this indicator so the user can move from a single series into thematic reading.

主研究Anchor Research

Economic Forecasting 研究组Economic Forecasting Research Desk正式研究Anchor research

七个公开信号如何拼成同一张周期记分卡How the seven public signals fit into one cycle scorecard

这七个公开指标不是七个平行栏目，而是一张分层记分卡。通胀、增长、劳动力和利率分别提供不同的确认职责，只有把它们按发布时间节奏和信息功能放到同一框架里，平台才会真正像终端，而不是一组孤立图表。The seven public indicators are not seven parallel columns but a layered scorecard. Inflation, growth, labor, and rates each play a different confirmation role, and only a shared cadence-and-function framework makes the platform feel like a terminal rather than a set of disconnected charts.

通胀Inflation增长Growth劳动力Labor利率Rates主研究Anchor
核心PCE物价指数Core PCE Price Index非农就业人数Nonfarm Payrolls工业生产Industrial Production初请失业金人数Initial Jobless Claims10年期美债收益率10Y Treasury Yield2年期美债收益率2Y Treasury Yield10Y-2Y美债利差10Y-2Y Treasury Spread
发布时间 2026-04-03Published 2026-04-03

月度简报Monthly Briefs

Economic ForecastingEconomic Forecasting月度简报Monthly brief

2026年9月月度配置简报Sep 2026 monthly brief

本月主线围绕 公开指标 展开，并统一交代已更新与按节奏待发布的公开指标。This month's brief centers on published signals and aligns updated versus still-pending published indicators.

月度配置Monthly allocation公开指标Published indicators
核心PCE物价指数Core PCE Price Index非农就业人数Nonfarm Payrolls工业生产Industrial Production10年期美债收益率10Y Treasury Yield2年期美债收益率2Y Treasury Yield10Y-2Y美债利差10Y-2Y Treasury Spread初请失业金人数Initial Jobless Claims
发布时间 2026-09-01Published 2026-09-01