USA PCE price index (MoM) For April 0.3% Vs 0.3% Est.; 0.3% Prior (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The USA PCE price index for April came in at 0.3%, matching both the estimate and the prior month's figure.
May 31, 2024 | 12:30 pm
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NEUTRAL IMPACT
The USA PCE price index for April came in at 0.3%, matching both the estimate and the prior month's figure. This indicates stable inflation, which could lead to a neutral short-term impact on SPY.
The PCE price index is a key measure of inflation. Since the index matched both the estimate and the prior month's figure, it suggests stable inflation. This stability is likely to result in a neutral short-term impact on SPY, as there are no surprises to drive significant market movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80