Fed Says Overall Economic Activity Increased Slightly Since Late May; Says Overall Economic Expectations For The Coming Months Generally Continued To Call For Slow Growth
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book report indicates that overall economic activity has slightly increased since late May. The economic expectations for the coming months generally continue to call for slow growth.
July 12, 2023 | 6:08 pm
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NEUTRAL IMPACT
The Federal Reserve's report of slight economic growth and expectations of slow growth in the coming months may impact the SPY ETF, which tracks the S&P 500 and is sensitive to overall economic conditions.
The SPY ETF, which tracks the S&P 500, is often used as a barometer for the overall US economy. The Federal Reserve's report of slight economic growth and expectations of slow growth in the coming months may impact the ETF. However, the impact is likely to be neutral in the short term as the report aligns with current market expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75