USA Core CPI (MoM) For July 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Happy Mohamed
The USA Core CPI (MoM) for July remained steady at 0.2%, in line with estimates and the previous month's figure.
August 10, 2023 | 12:30 pm
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NEUTRAL IMPACT
The steady CPI data, which is in line with estimates, is unlikely to cause significant movement in the SPY ETF.
The Consumer Price Index (CPI) is a key economic indicator that can influence market sentiment. However, as the data was in line with estimates and showed no change from the previous month, it is unlikely to cause significant volatility in the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50