USA CPI (MoM) For September 0.4% Vs 0.3% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Consumer Price Index (CPI) for September increased by 0.4%, beating the estimated 0.3% and higher than the previous month's 0.6%.
October 12, 2023 | 12:30 pm
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NEUTRAL IMPACT
The higher-than-expected CPI may impact SPY as it indicates inflationary pressures which could influence the Federal Reserve's decisions on interest rates.
The CPI is a key economic indicator that measures inflation. A higher-than-expected CPI indicates increased inflationary pressures, which could influence the Federal Reserve's decisions on interest rates. Higher interest rates generally make borrowing more expensive, which can slow economic growth and negatively impact stock prices. However, the impact on SPY, which tracks a broad market index, will depend on a variety of factors, including the overall market reaction to the CPI data.
CONFIDENCE 85
IMPORTANCE 80
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