Fed's Daly Says The Fed Must Be Very Data Dependent Right Now, Still Lots Of Data To Get Before June FOMC; It Is Hard To Figure Out What Is Slowing The U.S. Economy Right Now; The Fed Must Be On Watch For A Slowing Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that the Fed must be very data-dependent at the moment, with lots of data to analyze before the June FOMC meeting. She also mentioned that it is difficult to determine the cause of the current U.S. economic slowdown.
May 22, 2023 | 3:29 pm
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NEUTRAL IMPACT
Fed's Daly's comments on data-dependency and the U.S. economic slowdown may cause uncertainty in the market, potentially impacting the SPY ETF.
Daly's comments highlight the uncertainty surrounding the U.S. economy and the Fed's decision-making process. This may lead to increased market volatility, which could impact the SPY ETF. However, the direct impact on the ETF is not clear, as it depends on the overall market reaction to the news.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50