USA CPI (YoY) For September 3.7% Vs 3.6% Est.; 3.7% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Consumer Price Index (CPI) for September was reported at 3.7%, which is in line with the previous month and slightly above the estimated 3.6%.
October 12, 2023 | 12:30 pm
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NEUTRAL IMPACT
The CPI data, which is slightly above estimates, may have a neutral to slightly positive impact on SPY as it indicates a stable inflation environment.
The CPI data is a key indicator of inflation. A stable inflation environment is generally positive for stocks as it suggests a healthy economy. However, the impact on SPY is likely to be neutral to slightly positive as the data is only slightly above estimates.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50