Fed's Harker Says Latest PCE Inflation Report Showed Continued Disinflation Year Over Year On Headline Measure And Promise On Core Measure; Sees Core PCE Declining To Just Below 4% By End Of 2023, Below 3% In 2024 And At 2% Target In 2025
Portfolio Pulse from Happy Mohamed
Federal Reserve's Harker stated that the latest PCE inflation report showed continued disinflation year over year on the headline measure and promise on the core measure. He anticipates the core PCE to decline to just below 4% by the end of 2023, below 3% in 2024, and reach the 2% target in 2025.
August 08, 2023 | 1:15 pm
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NEUTRAL IMPACT
The Federal Reserve's outlook on inflation could impact the overall market, potentially affecting the SPY ETF. The anticipated decline in core PCE may lead to a more stable market environment.
The Federal Reserve's views on inflation have a significant impact on the overall market sentiment. If the core PCE declines as predicted, it could lead to a more stable market environment, which could indirectly affect the SPY ETF. However, as the SPY ETF is not directly mentioned in the news, the relevance is set at 50.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50