Fed's Harker Says He Sees Core PCE Declining To Just Below 4% By End Os 2023, Below 3% In 2024 And At 2% Target In 2025
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Harker predicts a decline in Core PCE to just below 4% by the end of 2023, below 3% in 2024, and reaching the 2% target in 2025.
August 08, 2023 | 12:19 pm
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NEUTRAL IMPACT
The prediction of a declining Core PCE by Fed's Harker may impact the SPY ETF, as it reflects the overall US economy.
The Core PCE is a key indicator of inflation, which the Federal Reserve uses to set monetary policy. A declining Core PCE suggests a less inflationary environment, which could impact the overall market and thus the SPY ETF. However, the impact is not direct and depends on various other factors.
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