May Inflation Data Will Arrive One Day Ahead Of Fed's Interest Rate Call: How The S&P 500 Could React
Portfolio Pulse from Piero Cingari
The May inflation data release on Tuesday could significantly influence market sentiment ahead of the Federal Open Market Committee policy meeting and interest rate announcement. Goldman Sachs provided insights into the potential reaction of the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), based on different core CPI prints.
June 12, 2023 | 7:58 pm
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The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), could react differently to the May inflation data release based on various core CPI prints, according to Goldman Sachs.
The May inflation data release could significantly influence market sentiment and the S&P 500's performance. Goldman Sachs provided insights into the potential reaction of the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), based on different core CPI prints. The impact on the stock price will depend on the actual core CPI print, which could range from a strong rally to a significant decline. As the outcome is uncertain, the score is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100