USA Michigan 1-Year Inflation Expectations For August 2.9%; 2.9% Prior
Portfolio Pulse from Benzinga Newsdesk
The University of Michigan's 1-year inflation expectations for August remain steady at 2.9%, unchanged from the previous month.
August 16, 2024 | 2:00 pm
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NEUTRAL IMPACT
The University of Michigan's 1-year inflation expectations for August remain steady at 2.9%, which may indicate stability in consumer prices and economic outlook.
Stable inflation expectations suggest no immediate changes in consumer prices, which could lead to a neutral impact on SPY as it reflects overall market stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50