Fed Beige Book Say National Economic Activity Continued To Expand From Early April To Mid-may; However, Conditions Varied Across Industries And Districts; Overall Outlooks Grew Somewhat More Pessimistic Amid Reports Of Rising Uncertainty And Greater Downside Risks; Prices Increased At A Modest Pace Over The Reporting Period.
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book reports that national economic activity continued to expand from early April to mid-May, but conditions varied across industries and districts. The overall outlook has grown more pessimistic due to rising uncertainty and greater downside risks. Prices increased at a modest pace during the reporting period.
May 29, 2024 | 6:01 pm
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The Federal Reserve's Beige Book indicates that while national economic activity expanded, the overall outlook has become more pessimistic due to rising uncertainty and downside risks. This could lead to short-term volatility in the SPY ETF.
The SPY ETF, which tracks the S&P 500, may experience short-term volatility due to the mixed economic signals from the Fed's Beige Book. While economic activity expanded, the increased uncertainty and downside risks could weigh on investor sentiment.
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