USA PPI (YoY) For June 0.1% Vs 0.4% Est.; 0.9% Prior
Portfolio Pulse from Happy Mohamed
The USA Producer Price Index (PPI) for June came in at 0.1%, lower than the estimated 0.4% and the prior figure of 0.9%. This indicates a slowdown in inflation, which could impact the Federal Reserve's decisions on interest rates.
July 13, 2023 | 12:31 pm
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POSITIVE IMPACT
The lower than expected PPI could lead to a delay in interest rate hikes by the Federal Reserve, which could be positive for stocks and ETFs like SPY in the short term.
The PPI is a key indicator of inflation. Lower inflation could lead the Federal Reserve to delay interest rate hikes, which would keep borrowing costs low for companies, potentially boosting stock prices. As SPY is a broad market ETF, it could benefit from this scenario.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75