Fed's Kugler Says Inflation Too High, But 'Encouraged' By Recent Progress And Trajectory; Further Progress On Inflation 'Likely To Be Gradual'; Optimistic That Improving Supply And Cooling Demand Will Support Continued Disinflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler states that inflation remains high but is encouraged by recent progress and its trajectory. He expects further progress on inflation to be gradual and is optimistic that improving supply and cooling demand will support continued disinflation.
June 18, 2024 | 5:02 pm
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Fed's Kugler's comments on inflation being high but showing progress could lead to short-term volatility in SPY. The expectation of gradual improvement and optimism about supply and demand dynamics may provide some support.
Kugler's comments suggest a mixed outlook with both positive and cautious elements. This could lead to short-term volatility in SPY as investors digest the news. However, the optimism about supply and demand dynamics may provide some support.
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