USA Import Price Index MoM For Sept. 0.1% Vs 0.5% Expected; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Import Price Index for September has been reported at 0.1%, lower than the expected 0.5% and the prior figure of 0.6%.
October 13, 2023 | 12:30 pm
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The lower than expected USA Import Price Index could potentially impact the SPY ETF, as it reflects the performance of the US economy.
The USA Import Price Index is a measure of the change in the price of imported goods and services purchased domestically. A lower than expected figure indicates a decrease in inflation pressures, which could potentially lead to a weaker economy. As SPY ETF tracks the performance of the US economy, this news could have a negative impact on its price in the short term.
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RELEVANCE 75