NY Fed 1-Year Consumer Inflation Expectations For July 3.0% Vs 3.0% Prior (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The New York Federal Reserve reported that the 1-year consumer inflation expectations for July remained unchanged at 3.0%, the same as the prior month.
August 12, 2024 | 3:05 pm
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NEUTRAL IMPACT
The New York Federal Reserve's report that 1-year consumer inflation expectations for July remained unchanged at 3.0% is likely to have a neutral impact on SPY in the short term.
Since the inflation expectations remained unchanged, there is no new information to significantly move the market. SPY, which tracks the S&P 500, is likely to see a neutral impact as investors had already priced in the current inflation expectations.
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IMPORTANCE 50
RELEVANCE 50