Fed's Kugler Says Disinflation Was Rapid In The Second Half Of 2023; Housing Inflation Has Been Persistent But Is Expected To Come Down; Services Ex-Housing Is One Of The Elements To Be Watched For Continued Declines
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler comments on rapid disinflation in the second half of 2023, noting persistent housing inflation but expecting it to decrease. Emphasizes monitoring services excluding housing for further declines.
February 07, 2024 | 4:35 pm
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POSITIVE IMPACT
Fed's Kugler's remarks on disinflation and housing inflation may influence investor sentiment, potentially impacting SPY as it reflects broader market trends.
Kugler's comments on disinflation and expectations for housing inflation to decrease could be seen positively by investors, as it suggests a controlled inflation environment. This could lead to increased investor confidence in the market, potentially benefiting SPY, which tracks the S&P 500 and is a barometer for the overall U.S. stock market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75