USA Core PCE Price Index (YoY) For July 4.2% Vs 4.2% Est.; 4.1% Prior
Portfolio Pulse from Happy Mohamed
The USA Core PCE Price Index for July came in at 4.2%, matching estimates and showing an increase from the prior figure of 4.1%.
August 31, 2023 | 12:30 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the inflation data as it reflects the overall health of the US economy.
The SPY ETF is a broad market index fund, and as such, it is sensitive to macroeconomic indicators like the PCE Price Index. While the index came in as expected, any signs of increasing inflation could lead to market volatility and impact the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75