Fed's Barkin Says Still Competing Outlook For Economy, One Where Inflation Will "Glide Down" To 2%, Another Where It Remains Persistent
Portfolio Pulse from Happy Mohamed
Federal Reserve's Barkin has stated that there are two competing outlooks for the economy. One scenario is where inflation will 'glide down' to 2%, and another where it remains persistent.
August 08, 2023 | 1:56 pm
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NEUTRAL IMPACT
The Federal Reserve's outlook on inflation could impact the SPY ETF. A glide down to 2% inflation could be positive, while persistent inflation could be negative.
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's outlook on inflation. If inflation glides down to 2%, this could be seen as a positive sign for the economy and could boost the ETF. However, if inflation remains persistent, this could be seen as a negative sign and could potentially drag down the ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75