Fed's Bostic Says Policy Right Now Is 'Clearly' In Restrictive Territory, Fed Can Be Patient
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Atlanta President Raphael Bostic stated that the current monetary policy is 'clearly' in restrictive territory, suggesting that the Federal Reserve can afford to be patient in its approach.
July 10, 2023 | 4:32 pm
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NEUTRAL IMPACT
The statement by Fed's Bostic may impact the SPY ETF as it tracks the S&P 500, which is sensitive to changes in the Federal Reserve's monetary policy.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Federal Reserve's monetary policy. Bostic's comments suggest a potential shift in policy, which could impact the performance of the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75