Bostic Said Pricing Power Is Weakening, And My Outlook Is That Inflation Will Continue To Fall This Year And Into 2025
Portfolio Pulse from Charles Gross
Atlanta Federal Reserve President Raphael Bostic stated that pricing power is weakening and he expects inflation to continue falling this year and into 2025.
May 20, 2024 | 11:46 am
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POSITIVE IMPACT
The statement by Fed's Bostic about weakening pricing power and falling inflation could positively impact SPY as it suggests a more stable economic environment and potentially less aggressive monetary policy.
Bostic's comments suggest a more stable economic environment with falling inflation, which could lead to less aggressive monetary policy. This is generally positive for broad market ETFs like SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80