Fed's Daly Says Sees Some Signs Of Slowing In Otherwise Strong Job Market; The Balance Sheet Draw Down Is Working Effectively; The Fed Can Separate Financial Stability Tools From Monetary Policy
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly sees signs of slowing in the strong job market, stating that the balance sheet drawdown is working effectively. The Fed can separate financial stability tools from monetary policy.
May 22, 2023 | 3:44 pm
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NEUTRAL IMPACT
Fed's Daly's comments on job market slowing and effective balance sheet drawdown may impact the overall market sentiment, affecting SPY.
Fed's Daly's comments on the job market slowing down and the effectiveness of the balance sheet drawdown may influence investor sentiment, causing uncertainty in the market. This could lead to a neutral short-term impact on SPY, as investors weigh the implications of these statements.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50