CPI MoM For June 0.2% Vs 0.3% Expected; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The Consumer Price Index (CPI) for June increased by 0.2%, which is lower than the expected 0.3% and higher than the prior 0.1%.
July 12, 2023 | 12:30 pm
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NEUTRAL IMPACT
The lower than expected CPI may impact the SPY ETF as it reflects the overall US economy.
The CPI is a key economic indicator that can influence the Federal Reserve's decisions on interest rates. A lower than expected CPI may suggest slower economic growth, which could impact the overall market and thus the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75