USA Import Price Index (MoM) For August -0.3% Vs -0.2% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Import Price Index for August decreased by 0.3%, which is more than the estimated decrease of 0.2% and contrasts with a 0.1% increase in the prior month. This indicates a decline in import prices, which could impact inflation expectations and market sentiment.
September 13, 2024 | 12:51 pm
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The SPY ETF, which tracks the S&P 500, may experience short-term volatility due to the larger-than-expected decline in the USA Import Price Index for August. This could affect inflation expectations and investor sentiment.
The SPY ETF is sensitive to macroeconomic indicators like the Import Price Index. A larger-than-expected decline could influence inflation expectations, impacting investor sentiment and potentially causing short-term volatility in the ETF.
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