PPI (MoM) (Jul) 0.3% vs 0.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The Producer Price Index (PPI) for July has come in at 0.3%, higher than the estimated 0.2%.
August 11, 2023 | 12:30 pm
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NEUTRAL IMPACT
The higher than expected PPI may impact the SPY ETF as it indicates inflationary pressures which could influence the Federal Reserve's decisions on interest rates.
The PPI is a measure of inflation from the perspective of producers. A higher than expected PPI indicates increased inflationary pressures, which could influence the Federal Reserve's decisions on interest rates. This in turn could impact the performance of the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the broader economic environment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75