Fed's Collins Says Recent Inflation Data Has Been Encouraging; U.S. Central Bank Has Made Notable Progress Lowering Inflation; Economy Has Been Remarkably Resilient; Inflation Still Stubbornly Above 2% Target
Portfolio Pulse from Benzinga Newsdesk
Fed's Collins states that recent inflation data is encouraging, with notable progress in lowering inflation. However, inflation remains above the 2% target. The economy has shown remarkable resilience.
June 18, 2024 | 3:46 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see positive short-term impacts due to encouraging inflation data and the Fed's progress in lowering inflation, indicating economic resilience.
Encouraging inflation data and the Fed's progress in lowering inflation suggest a stable economic environment, which is generally positive for broad market ETFs like SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80