USA Core CPI (MoM) For August 0.3% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core CPI for August increased by 0.3%, surpassing the estimated 0.2% and the previous month's 0.2%. This indicates a higher-than-expected inflation rate, which could impact market sentiment and investor decisions.
September 11, 2024 | 12:30 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility due to the higher-than-expected Core CPI increase, as it suggests rising inflation which could affect market sentiment and investor behavior.
The SPY ETF, which tracks the S&P 500, is sensitive to macroeconomic indicators like the Core CPI. A higher-than-expected inflation rate can lead to concerns about interest rate hikes, affecting stock prices negatively.
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