USA CPI (MoM) For August 0.2% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Consumer Price Index (CPI) for August increased by 0.2% month-over-month, matching both the estimated and prior month's figures. This indicates stable inflation levels.
September 11, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) is likely to see a neutral impact as the USA CPI for August met expectations, indicating stable inflation. This stability may not prompt immediate changes in market sentiment.
The CPI data meeting expectations suggests that inflation is stable, which is generally neutral for the market. SPY, as a broad market ETF, is unlikely to experience significant short-term volatility due to this data.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50