US Core CPI (YoY) (Aug) +3.2% vs +3.2% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Core Consumer Price Index (CPI) for August increased by 3.2% year-over-year, matching the estimated growth rate. This indicates that inflation is in line with expectations.
September 11, 2024 | 12:30 pm
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NEUTRAL IMPACT
The US Core CPI for August rose by 3.2% year-over-year, matching expectations. This suggests that inflation is stable, which could lead to a neutral impact on SPY as it reflects the broader market's expectations.
The SPY ETF, which tracks the S&P 500, is likely to see a neutral impact as the inflation data aligns with market expectations, suggesting no immediate surprises that would drive significant market movements.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50