President Biden Says Prices Are Still Too High, But Wednesday's Report Shows Welcome Progress On Lowering Inflation
Portfolio Pulse from Benzinga Newsdesk
President Biden acknowledged that prices are still too high but noted progress in lowering inflation, as indicated by Wednesday's report.
June 12, 2024 | 1:45 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see positive short-term movement due to President Biden's comments on progress in lowering inflation.
President Biden's comments on progress in lowering inflation could boost investor confidence, potentially leading to a positive short-term impact on SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50