Fed Beige Book Says Several Districts Reported Decreases In The Number Of Firms Expecting Significant Price Increases Moving Forward
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book reports that several districts have seen a decrease in the number of firms expecting significant price increases in the future.
October 18, 2023 | 6:04 pm
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by this news as it suggests potential easing of inflation pressures.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Any news suggesting easing inflation pressures can be positive for the stock market as it reduces the likelihood of aggressive interest rate hikes by the Fed. This could lead to a positive impact on the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75