Philadelphia Fed Wage And Benefit Cost Index 34.2 In Oct Vs 40.3 In Sept
Portfolio Pulse from Benzinga Newsdesk
The Philadelphia Fed Wage and Benefit Cost Index has decreased to 34.2 in October from 40.3 in September.
October 24, 2023 | 12:39 pm
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NEUTRAL IMPACT
The decrease in the Philadelphia Fed Wage and Benefit Cost Index may impact the SPY ETF, as it reflects broader economic trends.
The Philadelphia Fed Wage and Benefit Cost Index is a measure of wage and benefit costs. A decrease in the index could indicate a slowing economy, which may impact the SPY ETF, as it tracks the S&P 500 and is sensitive to overall economic trends. However, the direct impact is uncertain and depends on other economic factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50