USA Core CPI (YoY) For August 4.3% Vs 4.3% Est.; 4.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core CPI (YoY) for August was reported at 4.3%, matching the estimated figure but lower than the prior figure of 4.7%.
September 13, 2023 | 12:31 pm
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NEUTRAL IMPACT
The reported USA Core CPI aligns with the estimates, indicating a stable inflation environment. This could potentially have a neutral impact on SPY.
The USA Core CPI is a key indicator of inflation and can influence the Federal Reserve's decisions on interest rates, which in turn can impact the stock market. In this case, the CPI aligns with estimates, suggesting a stable inflation environment. This could potentially have a neutral impact on SPY, as it indicates no unexpected changes in the economic environment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50