Core PPI (MoM) (Sep) 0.3% vs 0.2% Est.
Portfolio Pulse from Bill Haddad
The Core Producer Price Index (PPI) for September has increased by 0.3%, which is higher than the estimated 0.2%.
October 11, 2023 | 12:31 pm
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NEGATIVE IMPACT
The higher than expected Core PPI may lead to inflation concerns, potentially impacting the SPY ETF.
The Core PPI is a key indicator of inflation. A higher than expected increase could lead to concerns about rising inflation, which could negatively impact the stock market and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75