CORRECTION: PCE Price index (YoY) (May) 3.8% vs 4.6%
Portfolio Pulse from Bill Haddad
The PCE Price Index for May has been corrected to 3.8% YoY, lower than the previously reported 4.6%.
June 30, 2023 | 12:32 pm
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NEUTRAL IMPACT
The correction in the PCE Price Index may impact SPY as it reflects changes in the economic outlook.
The PCE Price Index is a measure of inflation. A lower than expected inflation rate can impact the overall economic outlook, which in turn can affect the performance of SPY, an ETF that tracks the S&P 500. However, the impact is not direct and depends on various other factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50