Dallas Fed's Trimmed Mean PCE Price Index Rises 1.4% Annualized In May, Down From 2.7% In April
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed's Trimmed Mean PCE Price Index rose 1.4% annualized in May, down from 2.7% in April. This indicates a slowdown in inflationary pressures.
June 28, 2024 | 5:28 pm
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The Dallas Fed's Trimmed Mean PCE Price Index rose 1.4% annualized in May, down from 2.7% in April. This indicates a slowdown in inflationary pressures, which could positively impact the SPY ETF as lower inflation may lead to a more favorable economic environment.
A decrease in the Trimmed Mean PCE Price Index suggests that inflationary pressures are easing. This can be positive for the SPY ETF as it may lead to a more stable economic environment, potentially boosting investor confidence and stock prices.
CONFIDENCE 90
IMPORTANCE 70
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