USA PCE Prices For Q2 2.5% Vs 2.6% Est.; 4.1% Prior
Portfolio Pulse from Happy Mohamed
The USA PCE Prices for Q2 came in at 2.5%, slightly below the estimated 2.6% and significantly lower than the prior 4.1%.
August 30, 2023 | 12:32 pm
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POSITIVE IMPACT
The lower than expected PCE Prices for Q2 may have a neutral to positive impact on SPY as it indicates lower inflation, which can be beneficial for stocks.
The PCE Price Index is a measure of inflation. Lower than expected inflation can be beneficial for stocks as it reduces the pressure on the Federal Reserve to raise interest rates, which can negatively impact stock prices. Therefore, this news may have a neutral to positive impact on SPY.
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IMPORTANCE 70
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