Fed's Bowman Says Residential Real Estate 'Appears To Be Rebounding,' With Implications For U.S. Central Bank's Inflation Battle; Says While Lowered Rents Will Eventually Be Reflected In Inflation Data, Home Prices Themselves Are Leveling Out
Portfolio Pulse from Benzinga Newsdesk
Fed's Bowman states that residential real estate is rebounding, which has implications for the US Central Bank's inflation battle. Lowered rents will eventually be reflected in inflation data, while home prices are leveling out.
May 31, 2023 | 12:52 pm
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The rebound in residential real estate and its implications for the US Central Bank's inflation battle may impact the broader market, including the SPY ETF.
The rebound in residential real estate has implications for the US Central Bank's inflation battle, which may affect the broader market. As SPY is an ETF that tracks the S&P 500, it may be indirectly impacted by these developments. However, the extent of the impact is uncertain, as the article does not provide specific details on how the rebound will affect the market.
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