USA Core CPI (MoM) For August 0.3% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core CPI (MoM) for August has increased to 0.3% against the estimated 0.2% and the prior value of 0.2%.
September 13, 2023 | 12:30 pm
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NEGATIVE IMPACT
The increase in Core CPI may lead to inflation concerns, potentially impacting the overall market and ETFs like SPY.
The Core CPI is a key indicator of inflation. A higher than expected figure may lead to concerns about rising inflation, which could negatively impact the overall market and ETFs like SPY. Investors often view inflation as a negative factor as it erodes purchasing power and could lead to higher interest rates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75