September Inflation Preview: Consumer Price Data Holds The Key To Fed's Next Interest Rate Move
Portfolio Pulse from Piero Cingari
The upcoming September CPI report is crucial for determining the Federal Reserve's next move. Economists expect headline inflation to ease, but core inflation remains a concern. Traders are pricing in a high chance of a rate cut, but recent strong jobs data and rising oil prices have increased uncertainty. The S&P 500, tracked by SPY, is expected to react significantly to the report.
October 08, 2024 | 4:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) is expected to experience significant volatility following the release of the September CPI report. The report's outcome will influence market expectations regarding the Federal Reserve's rate decisions, impacting SPY's performance.
The SPY ETF, which tracks the S&P 500, is sensitive to macroeconomic data like the CPI report. The report will influence expectations for Fed rate cuts, affecting market sentiment and SPY's price. Given the high stakes and recent market conditions, SPY is likely to see notable price movements.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80