PCE Prices (Q2) 2.5% vs 2.5% Est.
Portfolio Pulse from Benzinga Newsdesk
The Q2 PCE Prices came in as expected at 2.5%.
September 28, 2023 | 12:31 pm
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NEUTRAL IMPACT
The Q2 PCE Prices, a key inflation indicator, meeting expectations could stabilize the market, potentially impacting SPY.
The PCE Price Index is a key measure of inflation. When it meets expectations, it can lead to market stability as it reduces uncertainty. This could potentially impact SPY, an ETF that tracks the S&P 500, as it is a broad representation of the US stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50