USA Core PCE Price Index (MoM) For July 0.2% Vs 0.2% Est.; 0.2% Prior (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index for July remained unchanged at 0.2%, matching both the estimate and the prior month's figure. This indicates stable inflationary pressures in the economy.
August 30, 2024 | 12:30 pm
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NEUTRAL IMPACT
The USA Core PCE Price Index for July remained at 0.2%, meeting expectations and indicating stable inflation. This stability may support the SPY ETF as it reflects a steady economic environment.
The Core PCE Price Index is a key inflation measure. Its stability suggests no immediate inflationary pressures, which is generally positive for equities. However, as the index met expectations, the impact on SPY is neutral.
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