White House Says Latest CPI Report Showed Continued Progress In Lowering Inflation
Portfolio Pulse from Benzinga Newsdesk
The White House stated that the latest Consumer Price Index (CPI) report shows continued progress in lowering inflation, according to Reuters.
June 13, 2023 | 6:08 pm
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POSITIVE IMPACT
The White House's statement on the latest CPI report showing progress in lowering inflation may have a positive impact on the SPY ETF.
The White House's statement on the latest CPI report indicates that the government is acknowledging progress in lowering inflation. This may lead to increased investor confidence in the overall market, which could positively impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50