Fed's Bostic Says Monetary Policy Has Not Been Restrictive Long Enough For Its Effects To Be Felt, So Prudent To Wait
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Atlanta President Raphael Bostic stated that monetary policy has not been restrictive long enough for its effects to be felt, suggesting it is prudent to wait before making any changes.
June 21, 2023 | 6:02 pm
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NEUTRAL IMPACT
Fed's Bostic's comments on monetary policy suggest a cautious approach, which may impact the broader market, including the SPY ETF.
Fed's Bostic's comments indicate a cautious approach to monetary policy changes, which may lead to a neutral short-term impact on the broader market, including the SPY ETF. Investors should monitor the situation for any further developments.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50