Atlanta Fed President Bostic Says Fed Has Had A Lot Of Tightening Over The Past Year, Don't Want To Presuppose What Any Slowdown Will Look Like; Comfortable Waiting "A Little Bit" To See How Economy Plays Out
Portfolio Pulse from Benzinga Newsdesk
Atlanta Fed President Bostic stated that the Federal Reserve has experienced significant tightening over the past year and is comfortable waiting to see how the economy plays out before making any further decisions.
May 22, 2023 | 4:18 pm
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NEUTRAL IMPACT
Atlanta Fed President Bostic's comments on the Fed's tightening and waiting to see how the economy plays out may lead to short-term uncertainty for the SPY ETF.
Bostic's comments indicate that the Federal Reserve is taking a cautious approach to further tightening, which may lead to short-term uncertainty for the SPY ETF. However, the impact is not direct and the overall market sentiment will play a significant role in determining the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50