Bostic Says There's Certainly More For Us To Do, Says We Are In A Good Place For Policy To Get Us To 2% Inflation; Says I Don't Have A Recession In My 'Dot Plot'
Portfolio Pulse from Bill Haddad
Federal Reserve Bank of Atlanta President Raphael Bostic stated that there is more to be done to achieve the 2% inflation target, but he believes that the current policy is in a good place to reach this goal. He also mentioned that he does not foresee a recession in his 'Dot Plot'.
October 10, 2023 | 1:54 pm
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NEUTRAL IMPACT
Bostic's comments about the Federal Reserve's policy and inflation target may impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic indicators and monetary policy changes.
Bostic's comments indicate a continued commitment to current monetary policy, which could maintain stability in the market. This could have a neutral impact on the SPY ETF, which is influenced by overall market trends and macroeconomic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75