Fed's Bostic Says We May Need To Be More Patient And Certain About Inflation's Path To 2% Before Adjusting The Policy Rate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Raphael Bostic indicated that more patience and certainty are needed regarding inflation's path to 2% before adjusting the policy rate. This statement was made during a speaking event at Stanford University.
May 23, 2024 | 7:16 pm
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Fed's Bostic's comments on needing more patience and certainty about inflation before adjusting the policy rate could lead to short-term market stability, affecting SPY.
Bostic's comments suggest a cautious approach to policy rate changes, which may lead to short-term stability in the market. SPY, being a broad market ETF, could see neutral to stable movements as investors digest this information.
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