U.S. Core PCE Prices For Q2 3.70% Vs 3.70%; 4.90% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.S. Core PCE Prices for Q2 came in at 3.70%, matching the forecast and lower than the previous 4.90%.
September 28, 2023 | 12:32 pm
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POSITIVE IMPACT
The U.S. Core PCE Prices for Q2, an important inflation indicator, came in as expected at 3.70%, lower than the previous 4.90%. This could potentially ease inflation concerns and have a positive impact on the SPY ETF.
The U.S. Core PCE Prices is a key measure of inflation. The Q2 figure came in as expected, which could ease inflation concerns. As SPY is a broad market ETF, it could benefit from reduced inflation fears as this generally supports higher equity prices.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75