USA Core PCE Price Index (MoM) For June 0.2% Vs 0.2% Est.; 0.3% Prior
Portfolio Pulse from Happy Mohamed
The USA Core PCE Price Index for June came in at 0.2%, in line with estimates but lower than the previous month's 0.3%.
July 28, 2023 | 12:32 pm
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NEUTRAL IMPACT
The USA Core PCE Price Index, a key inflation indicator, came in as expected for June. This could stabilize market sentiment and potentially impact SPY.
The PCE Price Index is a key measure of inflation, which can influence market sentiment and the Federal Reserve's monetary policy decisions. As SPY is a broad market ETF, it can be impacted by these macroeconomic indicators. In this case, the index came in as expected, which could stabilize market sentiment and have a neutral impact on SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75