Core CPI YoY For Sept. 3.3% Vs 3.2% Expected, 3.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The Core Consumer Price Index (CPI) for September increased by 3.3% year-over-year, surpassing the expected 3.2% and the prior 3.2%. This indicates a higher-than-anticipated inflation rate.
October 10, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Core CPI for September rose by 3.3% YoY, higher than the expected 3.2%. This could lead to concerns about inflation, potentially impacting the SPY ETF as investors may anticipate changes in monetary policy.
The higher-than-expected Core CPI suggests rising inflation, which could lead to expectations of tighter monetary policy. This may result in short-term volatility for SPY as investors adjust their positions based on inflation concerns.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80