Fed's Bostic Says Lower Shelter Inflation Is A Significant Development; One Data Point Is Not A Trend; Remains "Resolute" And "Vigilant" About Inflation; Notes Continued Pricing Pressure In The Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Raphael Bostic highlighted that lower shelter inflation is a significant development but cautioned that one data point does not make a trend. He emphasized the Fed's resolute and vigilant stance on inflation, noting continued pricing pressures in the economy.
May 16, 2024 | 8:12 pm
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The Federal Reserve's vigilant stance on inflation, despite a significant development in lower shelter inflation, suggests continued caution in the market. This could lead to short-term volatility in SPY.
The Fed's cautious approach to inflation, despite positive news on shelter inflation, indicates that market participants should remain cautious. This could result in short-term volatility for SPY as investors react to ongoing inflation concerns.
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