Fed Beige Book Says Most Districts Reported Price Growth Slowed Overall, Decelerating Faster In Manufacturing And Consumer-Goods Sectors
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book report indicates that most districts reported a slowdown in price growth, with a faster deceleration in the manufacturing and consumer-goods sectors. The report was prepared based on information collected on or before August 28, 2023, and it suggests that economic growth was modest during July and August.
September 06, 2023 | 6:01 pm
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NEUTRAL IMPACT
The slowdown in price growth and modest economic growth reported in the Fed's Beige Book may impact the SPY ETF, which tracks the S&P 500 and is sensitive to overall economic conditions.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by the overall economic conditions. The slowdown in price growth and modest economic growth reported in the Fed's Beige Book may lead to uncertainty in the market, potentially affecting the performance of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75