Dallas Fed PCE For June 1.70% Vs 2.60% Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Federal Reserve reported that the Personal Consumption Expenditures (PCE) for June decreased to 1.70% from the previous 2.60%.
July 26, 2024 | 5:06 pm
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The Dallas Federal Reserve's report of a decrease in PCE to 1.70% from 2.60% could indicate lower inflationary pressures, potentially impacting the SPY ETF positively as it may lead to a more favorable economic outlook.
A lower PCE suggests reduced inflationary pressures, which can be favorable for the stock market as it may lead to a more stable economic environment. This could positively impact SPY, which tracks the S&P 500 index.
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