Philadelphia Fed's Harker Says This Economy Keeps Chugging Along; Says We're Committed To Getting Inflation Under Control; Says Our Modal Forecast Is Not For A Recession
Portfolio Pulse from Benzinga Newsdesk
Philadelphia Fed President Harker stated that the economy continues to chug along and the Fed is committed to getting inflation under control. He added that their modal forecast does not predict a recession.
May 31, 2023 | 5:38 pm
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POSITIVE IMPACT
Philadelphia Fed President Harker's comments on the economy's resilience and commitment to controlling inflation may have a positive impact on the SPY ETF.
Harker's comments on the economy's strength and the Fed's commitment to controlling inflation can be seen as positive news for the overall market, which may lead to a positive impact on the SPY ETF. However, the impact may not be significant as it is just one of many factors affecting the market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50