USA PCE Price Index (YoY) For July 3.3% Vs 3.3% Est.; 3.0% Prior
Portfolio Pulse from Happy Mohamed
The USA PCE Price Index for July came in at 3.3%, matching estimates and showing an increase from the prior 3.0%.
August 31, 2023 | 12:31 pm
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NEUTRAL IMPACT
The PCE Price Index, a key inflation indicator, came in as expected. This could stabilize market sentiment and potentially impact SPY.
The PCE Price Index is a key measure of inflation. Its alignment with estimates suggests that market conditions are as expected, which could stabilize sentiment and have a neutral impact on broad market ETFs like SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75