UPDATE: USA Redbook (YoY) 5.9% Vs 5.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Redbook year-over-year growth rate has increased to 5.9% from the previous 5.5%.
June 18, 2024 | 12:58 pm
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POSITIVE IMPACT
The USA Redbook year-over-year growth rate has increased to 5.9% from the previous 5.5%, indicating stronger retail sales. This could positively impact the SPDR S&P 500 ETF (SPY) as it reflects overall economic health.
An increase in the Redbook year-over-year growth rate suggests stronger retail sales, which is a positive indicator for the overall economy. This can lead to a positive impact on the SPDR S&P 500 ETF (SPY) as it reflects the performance of the broader market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50