US Core PCE Price Index (YoY) (Aug) +2.7% vs +2.7% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Core PCE Price Index for August increased by 2.7% year-over-year, matching the estimated growth rate. This data is crucial for investors as it reflects inflation trends, which can influence Federal Reserve policy decisions.
September 27, 2024 | 12:30 pm
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The US Core PCE Price Index for August increased by 2.7% year-over-year, matching expectations. This inflation data is significant for SPY as it may influence Federal Reserve policy, impacting market sentiment and stock prices.
The Core PCE Price Index is a key inflation measure that the Federal Reserve monitors closely. Since the reported figure aligns with expectations, it suggests stability in inflation trends, which may lead to a neutral short-term impact on SPY. However, any future policy changes by the Fed in response to inflation data could affect SPY's performance.
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