Fed's Bullard Says If Inflation Is Not Controlled The Fed Will Have To 'Do A Lot More,' Should Err On The Side Of Doing More
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bullard warns that if inflation is not controlled, the Fed will have to 'do a lot more' and should err on the side of doing more, according to Reuters.
May 22, 2023 | 1:05 pm
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NEGATIVE IMPACT
Fed's Bullard's comments on inflation may impact the overall market, including the SPY ETF, as investors react to potential changes in monetary policy.
Fed's Bullard's comments on inflation and the need for the Fed to potentially 'do a lot more' can lead to increased uncertainty in the market. This may result in a negative short-term impact on the SPY ETF, as it represents the overall market and is sensitive to changes in monetary policy.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50