USA Core PCE Price Index (YoY) For September 3.7% Vs 3.7% Est.; 3.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index for September was reported at 3.7%, in line with estimates and slightly lower than the previous month's 3.8%.
October 27, 2023 | 12:31 pm
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NEUTRAL IMPACT
The reported Core PCE Price Index, a key inflation indicator, may influence the performance of SPY, an ETF that tracks the S&P 500.
The Core PCE Price Index is a key measure of inflation and can influence market sentiment and monetary policy decisions, which in turn can impact the performance of broad market indices like the S&P 500, and ETFs that track them, like SPY. However, as the reported figure is in line with estimates, the immediate impact may be neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50