Fed's Bostic Says Policymakers Need To Determine What The Right 'Neighborhood' Is For Inflation That Would Warrant Rate Reductions, But Data 'has Been Getting Close'
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Atlanta President Raphael Bostic commented that policymakers need to identify the appropriate level of inflation that would justify reducing interest rates. He noted that recent data is approaching that level, suggesting a potential shift in monetary policy if inflation targets are met.
December 15, 2023 | 6:05 pm
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Raphael Bostic's comments on nearing the inflation level for rate reductions could influence investor sentiment and potentially lead to increased optimism in the market, affecting ETFs like SPY.
Bostic's statement may lead investors to anticipate a more dovish monetary policy, which typically boosts stock markets as borrowing costs could decrease, potentially benefiting broad-market ETFs like SPY.
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