Truflation's Oliver Rust says it's tough to explain another rate hike after core PCE numbers came in low.

Sep 30, 2026, 2:53 PM ETOpinionRead the original at Benzinga

Neutral

SPDR S&P 500 ETF Trust is discussed amid lower-than-expected inflation readings, but revisions left the yearly core rate unchanged. Spending outpaced income and prices kept rising across many categories, so the story gives no clear change to its outlook.

SPY · SPDR S&P 500 ETF Trust

AI read · Neutral

The AI's read

Lower inflation readings could ease pressure for another rate increase, which may help stocks. But a revision left the yearly core inflation rate unchanged in August. Spending rose 0.9% as income rose 0.2%, savings fell, and prices across many categories kept rising. These competing signs do not point clearly in one direction for SPY.

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