Dallas Fed PCE For June 2.50% Vs 4.30% Est.; 3.50% Prior
Portfolio Pulse from Happy Mohamed
The Dallas Federal Reserve's Personal Consumption Expenditures (PCE) for June came in at 2.50%, lower than the estimated 4.30% and the prior figure of 3.50%.
July 28, 2023 | 2:26 pm
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NEUTRAL IMPACT
The lower than expected PCE may impact the SPY ETF as it reflects a slower pace of inflation, potentially influencing the Federal Reserve's monetary policy decisions.
The PCE is a measure of inflation and influences the Federal Reserve's monetary policy decisions. A lower than expected figure suggests a slower pace of inflation, which could lead to a more dovish stance from the Fed. This could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75