Fed's Kugler Says Core-Services Ex-Housing 'Still Elevated,' But Expect Improvement; Continued Moderation Of Wage Growth, Normalization Of Price-setting, Anchored Inflation Expectations 'likely To Contribute' To Continued Disinflation
Portfolio Pulse from Benzinga Newsdesk
Kugler comments on the current state of core-services excluding housing, noting they remain elevated but are expected to improve. The continued moderation of wage growth, normalization of price-setting, and anchored inflation expectations are likely to contribute to ongoing disinflation.
February 07, 2024 | 4:03 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could see a positive impact from the expected improvement in core-services excluding housing and the continued disinflation, as these factors may contribute to a more stable economic environment.
The SPDR S&P 500 ETF Trust (SPY) is likely to be positively impacted as it reflects the broader market performance, which could benefit from the economic stability suggested by Kugler's comments on disinflation and improvements in core-services excluding housing.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50