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
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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.
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