PCE Price index (YoY) (May) 3.8% vs 4.6%
Portfolio Pulse from Bill Haddad
The PCE Price Index for May has been reported at 4.6%, which is in line with the expectations.
June 30, 2023 | 12:31 pm
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NEUTRAL IMPACT
The PCE Price Index, a key indicator of inflation, meeting expectations may have a neutral impact on SPY as it indicates a stable economic environment.
The PCE Price Index is a measure of inflation and is closely watched by investors. A result in line with expectations suggests that the economy is performing as expected, which can have a neutral impact on broad market ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50