Fed Officials See 3.2% Inflation At End Of 2023, 2.5% End Of 2024 Fed Officials See 3.9% Core Inflation At End Of 2023, 2.6% End Of 2024 Fed Officials See U.S. GDP At 1.0% In 2023, 1.1% In 2024
Portfolio Pulse from Benzinga Newsdesk
Fed officials predict 3.2% inflation at the end of 2023, 2.5% at the end of 2024, and 3.9% core inflation at the end of 2023, 2.6% at the end of 2024. They also forecast U.S. GDP at 1.0% in 2023 and 1.1% in 2024.
June 14, 2023 | 6:03 pm
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NEUTRAL IMPACT
Fed's inflation and GDP forecasts may impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve's inflation and GDP forecasts are important indicators for the overall market. While the SPY ETF is not directly mentioned in the article, it is a proxy for the U.S. stock market and may be affected by these forecasts. However, the short-term impact is uncertain as the market may have already priced in these expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50