USA PCE Price Index (MoM) For August 0.1% Vs 0.2% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA PCE Price Index for August increased by 0.1%, which is below the estimated 0.2% and the prior month's 0.2%. This indicates a slower pace of inflation than expected.
September 27, 2024 | 12:30 pm
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The SPY ETF, which tracks the S&P 500, may see a positive impact as the lower-than-expected PCE Price Index suggests slower inflation, potentially easing concerns about aggressive interest rate hikes.
The PCE Price Index is a key inflation measure. A lower-than-expected increase suggests inflation is not accelerating as feared, which could reduce pressure on the Federal Reserve to raise interest rates aggressively. This is generally positive for equities, including the SPY ETF.
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