Fed's Bowman Says Frequency And Scope Of Recent Data Revisions Complicates Task Of Projecting How Economy Will Evolve; Expects Progress On Inflation To Be Slow 'given The Current Level Of Monetary Policy Restraint'
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Michelle Bowman stated that the frequency and scope of recent data revisions make it difficult to project the economy's evolution. She also expects progress on inflation to be slow due to the current level of monetary policy restraint.
October 02, 2023 | 2:31 pm
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The comments by Federal Reserve's Michelle Bowman about the complexity of economic projections and slow progress on inflation could impact the broader market, represented by SPY.
The Federal Reserve's monetary policy has a significant impact on the stock market. Bowman's comments about the difficulty of economic projections and slow inflation progress suggest potential economic instability, which could negatively impact the broader market, represented by SPY.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75