President Biden Says April CPI Shows Prices Prices Are Still Too High
Portfolio Pulse from Benzinga Newsdesk
President Biden commented on the April Consumer Price Index (CPI) report, stating that prices are still too high. This indicates ongoing inflation concerns.
May 15, 2024 | 1:39 pm
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The April CPI report indicates that prices are still too high, which may lead to concerns about inflation and potential market volatility. SPY, as an ETF that tracks the S&P 500, could be impacted by these inflation concerns.
The CPI report indicating high prices suggests persistent inflation, which can lead to market volatility. SPY, tracking the S&P 500, is likely to be affected by these broader market concerns.
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