USA Core PCE Price Index (MoM) For May 0.1% Vs 0.1% Est.; 0.3% Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index for May increased by 0.1%, matching the estimated growth and showing a decrease from the revised 0.3% in April.
June 28, 2024 | 12:30 pm
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POSITIVE IMPACT
The USA Core PCE Price Index for May increased by 0.1%, matching estimates and showing a decrease from the revised 0.3% in April. This indicates a potential stabilization in inflation, which could positively impact SPY in the short term.
The Core PCE Price Index is a key measure of inflation. A lower-than-previous increase suggests inflation may be stabilizing, which is generally positive for the stock market and SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80