Fed Officials See 3.7% Core Inflation At End Of 2023, 2.6% At End Of 2024, 2.3% At End Of 2025; See Stronger GDP Growth, Lower Unemployment In 2023, 2024; See 3.8% Unemployment At End Of 2023, 4.1% End Of 2024, 4.1% End Of 2025; See Us GDP At 2.1% In 2023
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve officials predict a 3.7% core inflation rate by the end of 2023, 2.6% by the end of 2024, and 2.3% by the end of 2025. They also forecast stronger GDP growth and lower unemployment rates in 2023 and 2024, with a 3.8% unemployment rate by the end of 2023, 4.1% by the end of 2024, and 4.1% by the end of 2025. The US GDP is expected to be at 2.1% in 2023.
September 20, 2023 | 6:02 pm
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POSITIVE IMPACT
The Federal Reserve's predictions of lower unemployment rates and stronger GDP growth could positively impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is a broad representation of the US stock market. Predictions of lower unemployment rates and stronger GDP growth are generally positive for the stock market, which could lead to a positive impact on the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75