Fed's Bostic Says Credit Is Definitely Tight And More Will Happen On That Front; Tighter Credit Conditions Will Be A Drag On Economy; I Do Think We Can Get To 2% Inflation Without Seeing A Recession; Expects Growth To Moderate To Methodical Pace
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic has stated that credit conditions are tightening and this will likely have a negative impact on the economy. He believes that a 2% inflation rate can be achieved without a recession and expects economic growth to moderate.
November 03, 2023 | 7:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The tightening of credit conditions as stated by Fed's Bostic could negatively impact the overall market, potentially affecting the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Tightening credit conditions can slow economic growth, which could lead to a decrease in corporate earnings and potentially lower stock prices. This would negatively impact the value of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75