Fed's Bostic Says Changes In Supply Chains Means Business Cost Structures Will Also Change, Something Fed Will Need To Understand
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic highlights that changes in supply chains will alter business cost structures, which the Fed needs to comprehend.
October 08, 2024 | 5:23 pm
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NEUTRAL IMPACT
The statement by Fed's Bostic about changes in supply chains affecting business cost structures could impact the SPY ETF, as it reflects the broader market's response to potential economic shifts.
SPY, as an ETF that tracks the S&P 500, could be influenced by macroeconomic factors such as changes in supply chains and business costs. However, the direct impact is uncertain as it depends on how these changes affect the broader market.
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IMPORTANCE 50
RELEVANCE 50