NY Fed Says Survey Of Consumers In July Puts One-Year Ahead Expected Inflation At 3.5%, Lowest Since April 2021, Vs. June's 3.8%
Portfolio Pulse from Happy Mohamed
The New York Federal Reserve's survey of consumers in July indicates that one-year ahead expected inflation is at 3.5%, the lowest since April 2021, compared to June's 3.8%.
August 14, 2023 | 3:01 pm
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POSITIVE IMPACT
The lower expected inflation rate could potentially boost the value of SPY, as it indicates a more stable economic environment.
Lower inflation expectations suggest a more stable economic environment, which is generally positive for stocks. As SPY is a broad market ETF, it could benefit from this overall positive sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75