US Core PCE Prices Q1 3.70% Vs 3.60% Est; 2.00% Prior
Portfolio Pulse from Benzinga Newsdesk
The US Core PCE Prices for Q1 increased to 3.70%, higher than the estimated 3.60% and significantly above the prior 2.00%.

June 27, 2024 | 12:30 pm
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The increase in US Core PCE Prices to 3.70% suggests higher inflation, which could lead to market volatility and impact the SPY ETF.
Higher than expected inflation as indicated by the Core PCE Prices can lead to concerns about potential interest rate hikes, which typically negatively impact stock prices. SPY, being a broad market ETF, is likely to experience short-term volatility.
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