Cleveland CPI (MoM) (Sep) 0.5%, Prior 0.3%
Portfolio Pulse from Bill Haddad
The Cleveland Consumer Price Index (CPI) for September has increased by 0.5%, compared to the prior month's increase of 0.3%.
October 12, 2023 | 3:01 pm
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NEUTRAL IMPACT
The increase in Cleveland's CPI may impact the SPY ETF, as it reflects changes in the purchasing power of the consumer dollar, which can influence the overall economy.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Increases in the CPI indicate inflation, which can impact the overall economy and, by extension, the SPY ETF. However, the direct impact on SPY is uncertain as it depends on various other factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50