NY Fed Says May Expected Year-Ahead Stock Price Rise Odds Highest Since May 2021; Perceptions Of Current Financial Situation Improved In May; Expectations Rose That Unemployment Will Be Higher In A Year; Perceptions Of Credit Access Unchanged In May
Portfolio Pulse from Benzinga Newsdesk
The New York Federal Reserve reports that the odds of a year-ahead stock price rise are the highest since May 2021. Perceptions of the current financial situation improved in May, while expectations of higher unemployment in a year also increased. Perceptions of credit access remained unchanged.
June 10, 2024 | 3:02 pm
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The New York Federal Reserve's report indicates that the odds of a year-ahead stock price rise are the highest since May 2021, which could positively impact SPY in the short term.
The report from the NY Fed suggests a positive outlook for stock prices over the next year, which is likely to boost investor sentiment and drive short-term gains for SPY.
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