CPI (YoY) (Jul) 3.2% vs 3.3% Est.
Portfolio Pulse from Benzinga Newsdesk
The Consumer Price Index (CPI) for July has come in at 3.2%, slightly below the estimated 3.3%.
August 10, 2023 | 12:30 pm
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NEUTRAL IMPACT
The lower than expected CPI may have a neutral to slightly positive impact on DIA as it indicates less inflation pressure.
The CPI is a key indicator of inflation. A lower than expected figure may ease concerns about inflation, which could have a neutral to slightly positive impact on the stock market and ETFs like DIA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected CPI may have a neutral to slightly positive impact on IWM as it indicates less inflation pressure.
The CPI is a key indicator of inflation. A lower than expected figure may ease concerns about inflation, which could have a neutral to slightly positive impact on the stock market and ETFs like IWM.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected CPI may have a neutral to slightly positive impact on QQQ as it indicates less inflation pressure.
The CPI is a key indicator of inflation. A lower than expected figure may ease concerns about inflation, which could have a neutral to slightly positive impact on the stock market and ETFs like QQQ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected CPI may have a neutral to slightly positive impact on SPY as it indicates less inflation pressure.
The CPI is a key indicator of inflation. A lower than expected figure may ease concerns about inflation, which could have a neutral to slightly positive impact on the stock market and ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75