Michigan 1-Year Inflation Expectations For September 2.7% Vs 2.7% Est.; 2.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The University of Michigan's 1-year inflation expectations for September remained steady at 2.7%, matching both the estimate and the previous month's figure.
September 27, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The steady inflation expectations at 2.7% may provide stability to the SPY ETF, as it suggests no immediate inflationary pressures that could lead to interest rate hikes.
The SPY ETF, which tracks the S&P 500, could be influenced by inflation expectations as they impact interest rate decisions. Stable inflation expectations suggest no immediate rate hikes, which is neutral for SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50