Fed's Governor Lisa D. Cook Says Fed Not There Yet On Getting Inflation Back To Target; There's A Risk Economic Growth Could Slow
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Lisa D. Cook stated that the Fed has not yet achieved its inflation target and warned of a potential slowdown in economic growth.
June 21, 2023 | 2:59 pm
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NEGATIVE IMPACT
Fed Governor Lisa D. Cook's comments on inflation and economic growth may cause uncertainty in the market, potentially impacting the SPY ETF.
Fed Governor Lisa D. Cook's comments on not reaching the inflation target and potential economic growth slowdown can create uncertainty in the market. This uncertainty may lead to increased volatility and a negative short-term impact on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50