Core PCE Price Index (YoY) (Sep) +2.7% vs +2.6% Est.
Portfolio Pulse from Benzinga Newsdesk
The Core PCE Price Index for September increased by 2.7% year-over-year, slightly above the estimated 2.6%. This indicates a modest rise in inflation, which could influence market expectations regarding interest rates and economic growth.
October 31, 2024 | 12:30 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to the Core PCE Price Index rising slightly above expectations, as this could affect market sentiment on interest rates and economic growth.
The Core PCE Price Index is a key inflation measure that can influence Federal Reserve policy decisions. A higher-than-expected increase may lead to speculation about interest rate adjustments, impacting the broader market and SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50