Core PCE Price Index MoM For Jan. 0.4% Vs 0.4% Expected, 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The Core PCE Price Index for January showed a month-over-month increase of 0.4%, aligning with expectations but marking an increase from the previous month's 0.3% rise. This data is a key indicator of inflation trends in the U.S. economy.
February 29, 2024 | 1:32 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The Core PCE Price Index data for January, showing a 0.4% increase, may influence investor sentiment regarding inflation and monetary policy, potentially impacting SPY.
The Core PCE Price Index is a closely watched inflation measure that can influence Federal Reserve policy decisions. Given that SPY tracks a broad range of U.S. stocks, any shift in investor sentiment regarding inflation or anticipated changes in interest rates could impact its performance. However, since the data met expectations, the immediate impact might be neutral, with investors already having priced in this outcome.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75