Core CPI (YoY) (Jul) 4.7% vs 4.8% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core CPI (YoY) for July came in at 4.7%, slightly below the estimated 4.8%.
August 10, 2023 | 12:31 pm
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NEUTRAL IMPACT
The lower than expected Core CPI may have a neutral to slightly positive impact on DIA as it indicates less inflation pressure.
The Core CPI is a key indicator of inflation. Lower than expected figures suggest less inflation pressure, which could be slightly positive for the stock market and ETFs like DIA.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected Core CPI may have a neutral to slightly positive impact on IWM as it indicates less inflation pressure.
The Core CPI is a key indicator of inflation. Lower than expected figures suggest less inflation pressure, which could be slightly positive for the stock market and ETFs like IWM.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected Core CPI may have a neutral to slightly positive impact on QQQ as it indicates less inflation pressure.
The Core CPI is a key indicator of inflation. Lower than expected figures suggest less inflation pressure, which could be slightly positive for the stock market and ETFs like QQQ.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
The lower than expected Core CPI may have a neutral to slightly positive impact on SPY as it indicates less inflation pressure.
The Core CPI is a key indicator of inflation. Lower than expected figures suggest less inflation pressure, which could be slightly positive for the stock market and ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75