US PPI (YoY) (Sep) +1.8% vs +1.6% Est.
Portfolio Pulse from Benzinga Newsdesk
The US Producer Price Index (PPI) for September increased by 1.8% year-over-year, surpassing the estimated 1.6%. This indicates higher-than-expected inflation at the producer level.
October 11, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to the higher-than-expected US PPI, which suggests increased inflationary pressures.
The SPY ETF, which tracks the S&P 500, may be impacted by the higher-than-expected PPI as it suggests inflationary pressures that could lead to changes in monetary policy, affecting stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50