Fed's Harker Says Absent A Black Swan Event, We See Inflation 'marching Down' To 2% In Next Couple Years
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Philadelphia President Patrick Harker stated that barring a black swan event, inflation is expected to march down to 2% in the next couple of years.
June 01, 2023 | 5:19 pm
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NEUTRAL IMPACT
Fed's Harker's statement on inflation marching down to 2% in the next couple of years may have a neutral impact on SPY.
The statement by Fed's Harker on inflation marching down to 2% in the next couple of years indicates a stable economic outlook. This may have a neutral impact on the SPY ETF as it reflects the overall market sentiment and is not specific to any individual stock or sector.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50