Core PCE Price Index (MoM) (Sep) +0.3% vs +0.3% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core PCE Price Index for September has met the estimated increase of 0.3% month-on-month.
October 27, 2023 | 12:30 pm
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NEUTRAL IMPACT
The Core PCE Price Index, a key inflation indicator, meeting estimates may have a neutral impact on SPY as it indicates expected economic conditions.
The Core PCE Price Index is a key indicator of inflation and economic health. As the index has met estimates, it indicates that the economic conditions are as expected, which may not cause significant changes in the price of SPY in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50