PPI (MoM) (Aug) 0.7% vs 0.4% Est.
Portfolio Pulse from Benzinga Newsdesk
The Producer Price Index (PPI) for August has increased by 0.7%, which is higher than the estimated 0.4%.
September 14, 2023 | 12:30 pm
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NEUTRAL IMPACT
The higher-than-expected PPI may impact SPY as it indicates inflationary pressures which could influence the Federal Reserve's decisions on interest rates.
The Producer Price Index (PPI) is a measure of inflation from the perspective of producers. A higher-than-expected PPI indicates increased inflationary pressures, which could influence the Federal Reserve's decisions on interest rates. This, in turn, could impact the performance of SPY, an ETF that tracks the S&P 500 index, as changes in interest rates can affect the overall stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75