PCE Price Index YoY For September 3.4% Vs 3.4% Expected
Portfolio Pulse from Benzinga Newsdesk
The PCE Price Index for September came in at 3.4%, which was in line with expectations.
October 27, 2023 | 12:31 pm
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NEUTRAL IMPACT
The PCE Price Index, a key inflation indicator, came in as expected, which may stabilize market sentiment and have a neutral impact on SPY.
The PCE Price Index is a key measure of inflation. When it comes in as expected, it can stabilize market sentiment as it reduces uncertainty. This can have a neutral impact on broad market ETFs like SPY, as it neither adds to inflation fears nor alleviates them.
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