PCE Price index (YoY) (Aug) 3.5% vs 3.5% Est.
Portfolio Pulse from Benzinga Newsdesk
The PCE Price Index for August has met the estimated value of 3.5% YoY. This is a key indicator of inflation and can influence the Federal Reserve's decisions on interest rates.
September 29, 2023 | 12:31 pm
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NEUTRAL IMPACT
The PCE Price Index meeting estimates may not cause significant changes in the SPY ETF. However, any future interest rate decisions influenced by this could impact the ETF.
The PCE Price Index is a measure of inflation. While the index meeting estimates doesn't directly impact the SPY ETF, it can influence the Federal Reserve's decisions on interest rates. Changes in interest rates can affect the stock market and, by extension, the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50