USA Core PCE Price Index (MoM) For August 0.1% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index for August increased by 0.1%, which is lower than the estimated 0.2% and the previous month's 0.2%. This indicates a slower pace of inflation, which could impact market expectations and investor sentiment.
September 27, 2024 | 12:30 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience a positive impact due to the lower-than-expected Core PCE Price Index, as it suggests a slower pace of inflation, potentially easing concerns about aggressive interest rate hikes.
The Core PCE Price Index is a key inflation measure. A lower-than-expected increase suggests reduced inflationary pressures, which could lead to less aggressive monetary policy. This is generally positive for equities, including SPY, as it may support higher valuations.
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IMPORTANCE 70
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