Core CPI (YoY) (Jul) +3.2% vs +3.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core Consumer Price Index (CPI) for July increased by 3.2% year-over-year, matching the estimated growth rate.
August 14, 2024 | 12:30 pm
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NEUTRAL IMPACT
The Core CPI for July increased by 3.2% year-over-year, matching the estimated growth rate. This indicates that inflation is in line with expectations, which could stabilize investor sentiment.
The Core CPI matching the estimated growth rate suggests that inflation is under control, which is likely to stabilize investor sentiment. However, since the data is in line with expectations, it may not lead to significant short-term price movements for SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80