Atlanta Fed's Bostic Said Data For The First Part Of The Year On Inflation Has Been Very Bumpy; It's Going To Take A While Before We Are Certain Inflation Is Going Back Down To 2%
Portfolio Pulse from Charles Gross
Atlanta Fed's Bostic stated that inflation data for the first part of the year has been very volatile, and it will take some time before there is certainty that inflation is returning to 2%.
May 20, 2024 | 11:45 am
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The statement from Atlanta Fed's Bostic about the volatility in inflation data and the uncertainty in achieving the 2% target could lead to short-term market volatility, impacting SPY.
The uncertainty in inflation data and the time it will take to reach the 2% target could lead to market volatility as investors react to potential changes in monetary policy. SPY, being a broad market ETF, is likely to be impacted by this sentiment.
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