Live On CNBC Fed's Bostic Says Economy Is Maintaining Strong Momentum It Has Had; If There Is Any Weakening, It's At A Very Incremental Level; Over Longer Arc, Economy Does Need To Slow To Get To Longer-Run Potential; I Think You Can Still Get Growth And Get Inflation To Continue To Come Down; But In That Environment, Inflation Would Come Down Much Slower Than Expected
Portfolio Pulse from Benzinga Newsdesk
Fed's Bostic commented on CNBC that the economy is maintaining its strong momentum, with any weakening being very incremental. He believes that over a longer period, the economy needs to slow to reach its longer-run potential. Bostic is optimistic that growth can continue while inflation gradually decreases, albeit more slowly than expected.
April 03, 2024 | 1:02 pm
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POSITIVE IMPACT
Fed's Bostic's comments suggest a cautiously optimistic outlook on the economy, indicating potential for continued growth with a gradual decrease in inflation.
Bostic's comments on the economy maintaining strong momentum and the possibility of growth amidst decreasing inflation could foster investor confidence, potentially leading to a positive impact on the SPY ETF. The cautious optimism suggests a stable economic environment, which is generally favorable for the stock market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80