Fed's Bostic Says Inflation Is Too High, Not Sustainable; Current Inflation Is Not Due To Excessive Risk Taking, But The Pandemic Response
Portfolio Pulse from Happy Mohamed
Federal Reserve's Bostic has stated that the current high inflation is not sustainable and is not due to excessive risk-taking, but rather the response to the pandemic. This could potentially impact the overall market, including ETFs like SPY.
July 10, 2023 | 4:23 pm
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The statement by Fed's Bostic about high inflation being unsustainable could potentially impact the SPY ETF, as it tracks the overall market.
High inflation is generally negative for the stock market as it erodes the value of future earnings, which could lead to a decrease in stock prices. As SPY tracks the overall market, it could be negatively impacted by this news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75