USA Core PCE Price Index (MoM) For May 0.3% Vs 0.3% Est.; 0.4% Prior
Portfolio Pulse from Happy Mohamed
The USA Core PCE Price Index for May came in at 0.3%, in line with estimates, but lower than the previous month's 0.4%.
June 30, 2023 | 12:31 pm
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The USA Core PCE Price Index, a key inflation indicator, came in as expected for May, which could stabilize market sentiment and potentially impact SPY.
The Core PCE Price Index is a key measure of inflation, and its results can impact market sentiment. In this case, the index came in as expected, which could stabilize market sentiment and potentially impact SPY, an ETF that tracks the S&P 500. However, as the index is lower than the previous month, it could also indicate a slowing inflation, which might be positive for the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50