White House's Brainard Says Housing Has Been The Stickiest, More Complicated Piece Of Inflation Puzzle; We Need More Homes
Portfolio Pulse from Benzinga Newsdesk
White House's Brainard highlighted housing as a persistent and complex factor in the inflation puzzle, emphasizing the need for more homes at a Council on Foreign Relations event.
September 16, 2024 | 5:09 pm
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NEUTRAL IMPACT
The mention of housing as a persistent inflation factor by White House's Brainard could impact SPY, as housing costs are a significant component of inflation metrics affecting the broader market.
SPY, as an ETF tracking the S&P 500, is sensitive to macroeconomic factors like inflation. Housing costs are a major part of inflation, and Brainard's comments highlight ongoing challenges, which could influence market sentiment and SPY's performance.
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