USA PCE price index (MoM) For June 0.2% Vs -0.1% Est.; 0.1% Prior
Portfolio Pulse from Happy Mohamed
The USA PCE price index for June increased by 0.2%, beating the estimated decrease of -0.1% and the prior figure of 0.1%.
July 28, 2023 | 12:34 pm
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POSITIVE IMPACT
The better-than-expected PCE price index could lead to a positive sentiment for SPY, as it indicates a healthier economy.
The PCE price index is a measure of inflation, and a higher-than-expected figure indicates a healthier economy. This could lead to positive sentiment for SPY, which tracks the S&P 500 and is a broad measure of the US stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50