USA PCE price index (MoM) For September 0.4% Vs 0.3% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA PCE price index for September has increased by 0.4%, which is higher than the estimated 0.3% and equal to the prior value of 0.4%.
October 27, 2023 | 12:32 pm
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NEUTRAL IMPACT
The higher than expected PCE price index could potentially impact the SPY ETF as it reflects the overall US market.
The PCE price index is a measure of inflation. A higher than expected value could indicate increased inflation, which may impact the overall market and thus the SPY ETF. However, the exact impact is uncertain as it depends on various other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75