USA Core PCE Prices For Q2 3.70% Vs 3.80% Est.; 4.90% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Prices for Q2 came in at 3.80%, matching the estimated figure. This is a decrease from the previous quarter's figure of 4.90%.
August 30, 2023 | 12:30 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the USA Core PCE Prices for Q2. The figure came in as expected, which could stabilize the market.
The USA Core PCE Prices is a key indicator of inflation and can influence market sentiment. As the figure came in as expected, it could reduce uncertainty and stabilize the market, potentially impacting the SPY ETF which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75