Fed Median Forecast Rises To 5.6%
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's median forecast for GDP growth in 2022 has risen to 5.6%, according to CNBC. This increase may impact the overall market and ETFs like SPY.
June 14, 2023 | 6:01 pm
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The Federal Reserve's increased median GDP growth forecast for 2022 may positively impact the overall market and ETFs like SPY.
The Federal Reserve's median GDP growth forecast for 2022 has increased to 5.6%. This higher growth projection may lead to a more optimistic outlook for the overall market, which could result in a positive impact on ETFs like SPY that track the market's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80