Fed's Cook Says AI Likely To Be Disinflationary In The Long-Run, But In Short-Run Its Impact On Inflation Will Be Mixed
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Cook suggests that artificial intelligence (AI) will likely have a disinflationary effect in the long run. However, in the short term, its impact on inflation is expected to be mixed.
October 01, 2024 | 3:39 pm
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The Federal Reserve's comments on AI's long-term disinflationary effects and mixed short-term impact on inflation could influence investor sentiment towards the broader market, as represented by SPY.
SPY, as an ETF representing the S&P 500, could be influenced by macroeconomic factors such as inflation. The Fed's comments suggest a neutral short-term impact, as AI's effects on inflation are mixed, leading to a neutral score.
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IMPORTANCE 50
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