Fed's Beige Book Says Prices Rose Moderately Over The Reporting Period, Though The Rate Of Increase Slowed In Many Districts; Says Contacts Across Districts Also Noted That The Labor Market Had Cooled Some
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book reports that prices rose moderately over the reporting period, but the rate of increase slowed in many districts. The labor market has also cooled in some areas.
May 31, 2023 | 6:03 pm
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NEUTRAL IMPACT
The Beige Book's report of moderate price increases and a cooling labor market may impact the SPY ETF in the short term.
The Beige Book's findings on price increases and labor market conditions can influence investor sentiment and market trends, potentially affecting the SPY ETF. However, the impact may be limited due to other factors and the overall market environment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50