Fed's Bostic Says I Expect Unemployment To Rise As Inflation Falls, But Perhaps Only To Upper Threes Or 4%; I Will Be Resolute Not To Change Policy Direction Until I Am Sure We Will Get Inflation To 2%
Portfolio Pulse from Happy Mohamed
Federal Reserve's Bostic expects unemployment to rise as inflation falls, possibly to upper threes or 4%. He is determined not to change policy direction until he is sure inflation will reach 2%.
August 04, 2023 | 10:19 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Federal Reserve's policy direction and inflation targets can significantly impact the SPY ETF. Bostic's comments suggest a potential rise in unemployment and a fall in inflation.
The Federal Reserve's policy decisions and inflation targets can significantly impact the overall market, and thus the SPY ETF. Bostic's comments suggest a potential rise in unemployment and a fall in inflation, which could create uncertainty in the market. However, the impact on SPY is not clear cut and could be influenced by a variety of other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50