US CPI (YoY) (Aug) +2.5% vs +2.5% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Consumer Price Index (CPI) for August increased by 2.5% year-over-year, matching the estimated growth rate. This indicates stable inflation levels in line with expectations.
September 11, 2024 | 12:30 pm
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NEUTRAL IMPACT
The US CPI for August increased by 2.5% year-over-year, matching expectations. This stability in inflation is likely to maintain investor confidence in the SPY ETF, which tracks the S&P 500.
The CPI meeting expectations suggests no immediate surprises in inflation, which is generally positive for the stock market. SPY, as an ETF tracking the S&P 500, is likely to see neutral impact as the inflation data aligns with forecasts.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50