USA Personal Spending (MoM) For November 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Personal Spending for November showed a month-over-month increase of 0.2%, which was in line with both the estimates and the prior month's figures.
December 22, 2023 | 1:32 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may see a neutral impact as the personal spending data came in as expected, indicating steady consumer behavior.
Since the personal spending data met expectations without any surprises, it is unlikely to cause significant short-term movements in the SPY ETF. The data suggests a stable economic environment, which is already factored into the market.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50