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Bank of Korea Raises Growth Forecasts as Inflation Persists

Published . Updated .

Bank of Korea Raises Growth Forecasts as Inflation Persists

Bank of Korea Projects Growth, Inflation Above Forecasts 2024, 2025 growth to surpass 3.3%, 2.9% forecasts; inflation above target may prompt rate hikes

Directly affected

  • No company is named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond-0.9%

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond-0.3%

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500+1.6%

    Stocks move when the Fed changes the rate path

  • JPM JPMorgan Chase-4.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.8%

    Bank profits move with lending and interest rates

  • GS Goldman Sachs-8.5%

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR-3.9%

    A fund of financial companies

  • KRE SPDR S&P Regional Banking-4.4%

    Regional banks are sensitive to interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TLT———————
IEF———————
SHY———————
SPY———————
JPM———————
BAC———————
GS———————
XLF———————
KRE———————

Market Call

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Bank of Korea Raises Growth Forecasts as Inflation Persists 조선일보

Source: 블루밍비트

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “Bank of Korea Raises Growth Forecasts as Inflation Persists” looks

12 out of 100

“Bank of Korea Raises Growth Forecasts as Inflation Persists” scores 12 out of 100. The score uses 1 sources.