Fed Says Inflation Has Eased Over The Past Year But Remains Elevated
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve has reported that inflation has eased over the past year but remains elevated. This indicates a potential shift in monetary policy and economic outlook.
June 12, 2024 | 6:02 pm
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The Federal Reserve's report on easing inflation but remaining elevated could impact SPY, as it reflects broader market sentiment and potential shifts in monetary policy.
SPY, as an ETF that tracks the S&P 500, is sensitive to changes in economic indicators and monetary policy. The Fed's report suggests a mixed outlook, which could lead to market volatility.
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