PPI (MoM) (Jul) +0.1% vs +0.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The Producer Price Index (PPI) for July increased by 0.1%, which is below the estimated 0.2%.
August 13, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The Producer Price Index (PPI) for July increased by 0.1%, which is below the estimated 0.2%. This could indicate lower inflationary pressures, potentially impacting the SPY ETF.
A lower-than-expected PPI suggests that inflationary pressures might be easing, which could be positive for the stock market as it may reduce the likelihood of aggressive interest rate hikes by the Federal Reserve. This is likely to have a positive short-term impact on SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100