USA Core CPI (MoM) For September 0.3% Vs 0.2% Est.; 0.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core CPI for September increased by 0.3% month-over-month, surpassing the estimated 0.2% and matching the prior month's increase. This indicates a higher-than-expected inflation rate.
October 10, 2024 | 12:30 pm
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NEGATIVE IMPACT
The USA Core CPI for September increased by 0.3%, higher than the expected 0.2%. 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 negatively impact SPY as investors adjust their portfolios in anticipation of potential interest rate hikes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80