Core PPI (MoM) (Mar) +0.2% vs +0.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core Producer Price Index (PPI) for March increased by 0.2%, aligning with the market expectations.
April 11, 2024 | 12:30 pm
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NEUTRAL IMPACT
The Core PPI data for March, which met expectations, may have a neutral impact on SPY as it aligns with market forecasts.
Since the Core PPI data came in as expected, it suggests that inflationary pressures are in line with forecasts, which typically does not lead to significant market movements. Therefore, the impact on SPY, a broad market ETF, is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70