Fed Says Prices Increased At A Modest Pace Overall, And Several Districts Noted Some Slowing In The Pace Of Increase; Says Price Expectations Were Generally Stable Or Lower Over The Next Several Months
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book reports that prices have increased at a modest pace overall, with several districts noting a slowing in the pace of increase. Price expectations for the next few months are generally stable or lower.
July 12, 2023 | 6:09 pm
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NEUTRAL IMPACT
The Federal Reserve's report may impact the SPY ETF. The slowing pace of price increases and stable or lower price expectations could influence investor sentiment.
The SPY ETF, which tracks the S&P 500, could be influenced by the Federal Reserve's report. The slowing pace of price increases and stable or lower price expectations could lead to a more cautious investor sentiment, potentially affecting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75