FOMC Minutes: Vast Majority Of Participants At Fed's June 11-12 Meeting Assessed U.S. Economic Growth Appeared To Be Gradually Cooling
Portfolio Pulse from Benzinga Newsdesk
The FOMC minutes from the June 11-12 meeting reveal that the majority of participants believe U.S. economic growth is gradually cooling.
July 05, 2024 | 2:58 pm
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The FOMC minutes suggest that the U.S. economic growth is gradually cooling, which could impact the SPY ETF as it tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500 index, could see a short-term negative impact due to the FOMC's assessment of cooling economic growth. Investors may anticipate slower growth and adjust their positions accordingly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80