USA CPI (YoY) For September 2.4% Vs 2.3% Est.; 2.5% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Consumer Price Index (CPI) for September increased by 2.4% year-over-year, slightly above the estimated 2.3% but below the prior 2.5%. This indicates a moderate inflationary trend.
October 10, 2024 | 12:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience slight volatility due to the CPI data showing a 2.4% increase, which is above estimates. This could influence market expectations on inflation and interest rates.
The CPI data is a key economic indicator that can influence investor sentiment and expectations regarding inflation and interest rates. A higher-than-expected CPI can lead to concerns about potential interest rate hikes, affecting the stock market. However, the increase is moderate, suggesting limited immediate impact on SPY.
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IMPORTANCE 60
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