US PPI (MoM) (Jun) 0.1% vs 0.2% Est.
Portfolio Pulse from Bill Haddad
The US Producer Price Index (PPI) for June has come in at 0.1%, lower than the estimated 0.2%.
July 13, 2023 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The lower than expected PPI may impact SPY as it indicates lower inflation, which could influence the Federal Reserve's decisions on interest rates.
The Producer Price Index (PPI) is a measure of inflation from the perspective of producers. A lower than expected PPI indicates lower inflation, which could influence the Federal Reserve's decisions on interest rates. This in turn could impact the performance of SPY, an ETF that tracks the S&P 500, as changes in interest rates can affect the overall stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75