Fed's Bostic Says Inflation 'Unacceptably' High, But There Has Been Significant Progress, And Recent Data Is Promising; Still Considerable Momentum In The Economy, Data Is Consistent With 'Orderly Slowdown'
Portfolio Pulse from Happy Mohamed
Federal Reserve's Bostic has stated that inflation is 'unacceptably' high, but there has been significant progress and recent data is promising. He also mentioned that there is still considerable momentum in the economy, and the data is consistent with an 'orderly slowdown'.
August 04, 2023 | 10:14 am
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The comments from Federal Reserve's Bostic about high inflation but promising data and an orderly slowdown may impact the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by macroeconomic indicators such as inflation and overall economic momentum. Bostic's comments suggest a mixed outlook, which could lead to uncertainty and volatility in the market, potentially affecting the SPY ETF.
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IMPORTANCE 70
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