US Core CPI (MoM) (Jul) +0.2% vs +0.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Core Consumer Price Index (CPI) for July increased by 0.2%, matching the estimated growth of 0.2%.
August 14, 2024 | 12:30 pm
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POSITIVE IMPACT
The US Core CPI for July increased by 0.2%, matching expectations. This indicates stable inflation, which could support the stock market and SPY ETF in the short term.
The CPI data matching expectations suggests stable inflation, which is generally positive for the stock market. As SPY tracks the S&P 500, it is likely to benefit from this stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80