USA Core PCE Price Index (MoM) For September 0.3% Vs 0.3% Est.; 0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA Core PCE Price Index for September matched expectations at 0.3%, slightly higher than the previous month's 0.2%. This indicates stable inflation trends, which could influence market sentiment and investor decisions.
October 31, 2024 | 12:30 pm
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The USA Core PCE Price Index for September was 0.3%, matching expectations and slightly higher than the previous month. This stability in inflation could lead to a neutral or slightly positive impact on SPY, as it suggests no immediate changes in monetary policy.
The Core PCE Price Index is a key inflation measure. A result in line with expectations suggests no surprises in inflation trends, which is generally neutral for SPY. However, the slight increase from the previous month could be seen as a sign of stable economic conditions, potentially supporting current market levels.
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