Fed's Bowman Says Monetary Policy Has Had Some Effect On The Economy, But Core Inflation Has Essentially Plateaued Since The Fall Of 2022; Will Look For Inflation On A "Consistent Downward Path" In Deciding Appropriate Policy Steps At Coming Meetings
Portfolio Pulse from Happy Mohamed
Fed's Bowman states that monetary policy has impacted the economy, but core inflation has plateaued since Fall 2022. The Fed will look for consistent downward inflation in deciding policy steps at upcoming meetings.
June 22, 2023 | 1:57 pm
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NEUTRAL IMPACT
Fed's Bowman's comments on monetary policy and inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Bowman's comments on monetary policy and inflation indicate the Fed's focus on managing inflation, which can affect overall market sentiment. While SPY is not directly mentioned, it is a broad market ETF and can be influenced by changes in sentiment.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50