Core PCE Prices (Q2) 3.8% vs 4%
Portfolio Pulse from Bill Haddad
The Core PCE Prices for Q2 came in at 3.8%, lower than the expected 4%.
July 27, 2023 | 12:31 pm
News sentiment analysis
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POSITIVE IMPACT
The lower than expected Core PCE Prices may lead to a positive sentiment among investors, potentially benefiting SPY.
Core PCE Prices are a key indicator of inflation. Lower than expected figures suggest less inflationary pressure, which can be positive for the stock market. As SPY is a broad market ETF, it could benefit from this positive sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75