Dallas Fed PCE For May 3.20% Vs 4.30% Prior
Portfolio Pulse from Happy Mohamed
The Dallas Federal Reserve's Personal Consumption Expenditures (PCE) index for May was reported at 3.20%, lower than the previous month's 4.30%.
June 30, 2023 | 4:41 pm
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The lower PCE index, which is a measure of inflation, could potentially be positive for SPY as it may ease concerns about rising inflation and its impact on interest rates.
The PCE index is a measure of inflation. Lower inflation could ease concerns about the Federal Reserve raising interest rates, which is generally positive for stocks. Therefore, the lower PCE index could potentially be positive for SPY.
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