USA CPI (MoM) For September 0.2% Vs 0.1% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Consumer Price Index (CPI) for September increased by 0.2% month-over-month, surpassing the estimated 0.1% and matching the prior month's increase. This indicates a slight rise in inflationary pressures.
October 10, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the higher-than-expected CPI increase, which suggests rising inflationary pressures.
The SPY ETF, which tracks the S&P 500, could be impacted by inflation data as it influences investor sentiment and expectations for interest rate changes. The CPI increase was slightly above expectations, which may lead to short-term market volatility as investors adjust their inflation outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50