USA Core PPI (MoM) For May 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Core PPI (MoM) for May remains unchanged at 0.2%, in line with estimates and the previous month's figure.
June 14, 2023 | 12:30 pm
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NEUTRAL IMPACT
USA Core PPI (MoM) for May remains at 0.2%, in line with estimates, indicating stable inflation and potentially neutral impact on SPY.
The USA Core PPI (MoM) for May remains unchanged at 0.2%, which is in line with estimates and the previous month's figure. This indicates that inflation is stable, which could have a neutral impact on the SPY ETF. The SPY ETF is mentioned passively, and the news is moderately important for investors in the ETF, as it provides insight into the overall economic environment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50