USA PCE Price index (YoY) For June 3.0% Vs 3.1% Est.; 3.8% Prior
Portfolio Pulse from Happy Mohamed
The USA PCE Price index for June came in at 3.0%, lower than the estimated 3.1% and the prior figure of 3.8%.
July 28, 2023 | 12:33 pm
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POSITIVE IMPACT
The lower than expected PCE Price index could potentially ease inflation concerns, which may have a positive impact on the SPY ETF.
The PCE Price index is a measure of inflation. Lower than expected figures could ease inflation concerns, which are often a negative factor for the stock market. As SPY is a broad market ETF, it could benefit from reduced inflation fears.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75