Fed's Bostic Says Going To Take A While Before We Are Certain Inflation Is Going Back Down To 2%, Says Business Leaders Tell Me Things Are Slowing Down, But Very Slowly
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Raphael Bostic stated that it will take some time before inflation returns to the 2% target. He also mentioned that business leaders are reporting a slow down in economic activity, but at a very gradual pace.
May 20, 2024 | 11:44 am
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The Federal Reserve's comments on the prolonged timeline for inflation to return to 2% and the slow down in economic activity could lead to short-term volatility in SPY, reflecting market uncertainty.
The Federal Reserve's indication of a prolonged period before inflation returns to the target and reports of a slow economic slowdown can create uncertainty in the market. This is likely to result in short-term volatility for SPY as investors react to the news.
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IMPORTANCE 70
RELEVANCE 80