Fed Beige Book Says Expectations For The Future Of The Economy Were For Slower Growth Over The Next Six Months Due To Uncertainty Around The Upcoming Election, Domestic Policy, Geopolitical Conflict, And Inflation.
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Beige Book indicates that expectations for the future of the economy are for slower growth over the next six months. This is due to uncertainty around the upcoming election, domestic policy, geopolitical conflict, and inflation.
July 17, 2024 | 6:02 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility and potential downward pressure in the short term due to the Federal Reserve's Beige Book indicating slower economic growth expectations.
The SPDR S&P 500 ETF (SPY) is likely to be impacted by the Fed's Beige Book report, which forecasts slower economic growth due to various uncertainties. This could lead to increased market volatility and potential downward pressure on SPY in the short term.
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IMPORTANCE 90
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