Fed's Harker Says Our Forecast Is Not That Inflation Might Spike Back Up; Supply Chain Issues Are Starting To Heal, Though Are Not 'Perfect'; Fiscal Stimulus Is Burning Off
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Harker stated that their forecast does not predict a spike in inflation. He also mentioned that supply chain issues are beginning to resolve, though not perfectly, and the fiscal stimulus is burning off.
August 08, 2023 | 12:57 pm
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NEUTRAL IMPACT
The Federal Reserve's outlook on inflation and supply chain issues, as well as the burn-off of fiscal stimulus, could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic factors.
The Federal Reserve's views on inflation, supply chain issues, and fiscal stimulus can influence the overall market sentiment, which in turn can impact the SPY ETF. However, as these are general economic indicators, the direct impact on SPY might not be significant in the short term.
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