Fed's Bostic Says Now Is Not The Time To Consider Changing The Inflation Goal, But Nothing Should Be Etched In Stone
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Atlanta President Raphael Bostic stated that it is not the appropriate time to consider altering the central bank's inflation goal. He emphasized that while the goal should not be set in stone, the current focus should be on addressing the high inflation rates.
December 19, 2023 | 6:17 pm
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NEUTRAL IMPACT
Bostic's comments on maintaining the current inflation goal suggest a continued commitment to aggressive monetary policy, which could influence market sentiment and impact SPY as it tracks the broader market.
Bostic's remarks indicate a steady approach to the existing inflation target, which may reassure investors about the Fed's direction. This could lead to a neutral short-term impact on SPY as the market has likely already priced in the Fed's current stance on inflation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70