Fed's Harker Says Unemployment Is Going To Tick Up To Around 4.4%; Says Inflation Is Stubborn, But Likely To Come Down Over Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Philadelphia President Patrick Harker stated that unemployment is expected to rise to around 4.4% and inflation is stubborn but likely to decrease over time.
May 31, 2023 | 5:39 pm
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NEUTRAL IMPACT
Fed's Harker's comments on unemployment and inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Harker's comments on unemployment and inflation can influence market sentiment, which may affect the SPY ETF as it tracks the S&P 500 index. However, the impact may not be significant as the comments are not directly related to the ETF's underlying assets.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50