USA PCE Price Index (MoM) For August 0.4% Vs 0.5% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA PCE Price Index for August has been reported at 0.4%, which is lower than the estimated 0.5% but higher than the prior value of 0.2%.
September 29, 2023 | 12:31 pm
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NEUTRAL IMPACT
The lower than expected PCE Price Index could potentially impact the SPY ETF, as it indicates a slower pace of inflation than anticipated.
The PCE Price Index is a measure of inflation. A lower than expected figure indicates a slower pace of inflation, which could potentially impact the SPY ETF. However, the impact is not direct and depends on various other factors, including market sentiment and other economic indicators.
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