Fed's Bostic Says Maintaining Current Benchmark Rate As Inflation Falls Will Be 'Passive' Tightening Of Real Rate That Will Still Aid In Fighting Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Bostic states that maintaining the current benchmark rate as inflation falls will result in a 'passive' tightening of the real rate, which will still aid in fighting inflation.
June 21, 2023 | 6:04 pm
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Fed's Bostic's comments on maintaining the current benchmark rate may impact the overall market, including the SPY ETF.
Fed's Bostic's statement on maintaining the current benchmark rate as inflation falls can have an indirect impact on the overall market, including the SPY ETF. However, the effect may be neutral as the 'passive' tightening of the real rate is expected to aid in fighting inflation, which can be seen as a positive factor for the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50