USA PPI ex. Food/Energy/Transport (YoY) For September 3.2%; 3.3% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Producer Price Index (PPI) excluding food, energy, and transport for September increased by 3.2% year-over-year, slightly down from the previous 3.3%.
October 11, 2024 | 12:30 pm
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POSITIVE IMPACT
The slight decrease in the USA PPI excluding food, energy, and transport may indicate a modest easing in inflationary pressures, which could positively impact the SPY ETF as it reflects broader market sentiment.
The PPI is a measure of inflation at the wholesale level. A slight decrease suggests easing inflation, which can be favorable for equities as it may reduce pressure on interest rates. SPY, being a broad market ETF, could benefit from this sentiment.
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IMPORTANCE 60
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