Fed's Bostic Says The Economy Has Been Incredibly Resilient, But The "Fervor" Of Spending And Investment Has Decreased; Fed Should "Let The World Move" And Be Patient As Long As Inflation Continues To Slow; No Urgency For The Fed To Do Anything More
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic stated that the economy has shown remarkable resilience, but the intensity of spending and investment has declined. He suggested that the Fed should be patient as long as inflation continues to slow down, indicating no urgency for the Fed to take any further action.
October 03, 2023 | 12:45 pm
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NEUTRAL IMPACT
The comments from Fed's Bostic may impact the SPY ETF. His remarks about the resilience of the economy and the slowing down of inflation could influence investor sentiment.
The SPY ETF, which tracks the S&P 500, could be influenced by the comments from Fed's Bostic. His remarks about the resilience of the economy and the slowing down of inflation could sway investor sentiment, potentially affecting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50