NY Fed 1-Year Consumer Inflation Expectations For September 3.0%; 3.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The New York Federal Reserve reported that consumer inflation expectations for the next year remained steady at 3.0% in September, unchanged from the previous month.
October 15, 2024 | 3:05 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may see limited short-term impact as the NY Fed's report on stable consumer inflation expectations suggests no immediate change in economic conditions.
The SPY ETF, which tracks the S&P 500, is sensitive to macroeconomic indicators like inflation. The unchanged inflation expectations suggest stability, which is neutral for SPY in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50