Core PPI YoY For Sept. 2.8% Vs 2.7% Expected, 2.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The Core Producer Price Index (PPI) for September increased by 2.8% year-over-year, surpassing the expected 2.7% and the previous 2.4%. This indicates higher-than-anticipated inflationary pressures.
October 11, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to the higher-than-expected Core PPI, indicating increased inflationary pressures.
The higher-than-expected Core PPI suggests increased inflationary pressures, which could lead to concerns about interest rate hikes. This may negatively impact market sentiment, causing volatility in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80