USA Core PCE Prices (Q3) 2.20% Vs 2.10% Est.; 2.80% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Prices for Q3 increased by 2.20%, slightly above the estimated 2.10% but below the prior 2.80%. This indicates a moderate rise in core inflation, which could influence market expectations and monetary policy decisions.
October 30, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to the slight increase in USA Core PCE Prices for Q3, which came in at 2.20% versus the estimated 2.10%. This could affect investor sentiment and expectations regarding future monetary policy.
The SPDR S&P 500 ETF (SPY) is sensitive to macroeconomic indicators like the Core PCE Prices. The slight increase above estimates may lead to market speculation about future interest rate decisions, causing short-term volatility in SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50