Fed's Bullard Says Companies Are "Still Scrambling" For Workers; Job Growth Remains Above Trend
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's James Bullard stated that companies are still scrambling for workers, indicating that job growth remains above trend. This could impact the overall market sentiment.
May 22, 2023 | 1:03 pm
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POSITIVE IMPACT
Fed's Bullard's comments on job growth remaining above trend may positively impact the overall market sentiment, potentially affecting the SPY ETF.
James Bullard's statement on companies scrambling for workers and job growth being above trend indicates a strong labor market. This could lead to increased investor confidence and a positive impact on the overall market, including the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50