USA Core PCE Price Index (YoY) For May 4.6% Vs 4.7% Est.; 4.7% Prior
Portfolio Pulse from Happy Mohamed
The USA Core PCE Price Index for May came in at 4.6%, slightly below the estimated 4.7% and the prior figure of 4.7%.
June 30, 2023 | 12:30 pm
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POSITIVE IMPACT
The lower than expected PCE Price Index could potentially ease inflation concerns, which may have a positive impact on SPY.
The PCE Price Index is a measure of inflation. Lower than expected figures could ease inflation concerns, which are often a negative factor for the stock market. As SPY is a broad market ETF, it could benefit from reduced inflation fears.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50