Fed's Logan Says 'Concerned' About Whether Inflation Is Falling Fast Enough; Says 'We Haven't Yet Made The Progress We Need To Make'; It's A 'Long Way' From Here To 2% Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve official Lorie Logan expressed concerns about the pace of inflation decline, stating that progress towards the 2% target has not been achieved yet.
May 18, 2023 | 1:00 pm
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NEGATIVE IMPACT
Fed's Logan's concerns about inflation may impact the overall market sentiment, potentially affecting the S&P 500 ETF (SPY).
Lorie Logan's concerns about the pace of inflation decline may lead to uncertainty in the market, potentially causing investors to reevaluate their positions. This could result in a negative impact on the S&P 500 ETF (SPY) as it represents the overall market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50