USA Core PCE Price Index (YoY) For June 2.6% Vs 2.5% Est.; 2.6% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index (YoY) for June came in at 2.6%, slightly above the estimated 2.5% and matching the prior month's figure of 2.6%.
July 26, 2024 | 12:30 pm
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The USA Core PCE Price Index (YoY) for June came in at 2.6%, slightly above the estimated 2.5%. This could indicate persistent inflationary pressures, potentially impacting market sentiment and the SPY ETF.
The Core PCE Price Index is a key inflation measure closely watched by the Federal Reserve. A higher-than-expected figure suggests persistent inflation, which could lead to concerns about potential interest rate hikes, negatively impacting market sentiment and the SPY ETF.
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