PPI (YoY) (Sep) 2.2% vs 1.6% Est.
Portfolio Pulse from Bill Haddad
The Producer Price Index (PPI) for September has come in at 2.2%, higher than the estimated 1.6%.
October 11, 2023 | 12:31 pm
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NEUTRAL IMPACT
The higher than expected PPI may impact the SPY ETF as it reflects inflation trends which can influence the Federal Reserve's decisions on interest rates.
The PPI is a measure of inflation from the perspective of producers. A higher than expected PPI indicates increased inflation, which can influence the Federal Reserve's decisions on interest rates. Changes in interest rates can impact the stock market and ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75