Fed's Daly Says Real Wage Growth For Most Americans Overtaken By Inflation; Fed Forecasts Only As Good As The Day They Are Printed; Not Surprising To See Some Rise In Credit Troubles For Some Americans
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly states that real wage growth for most Americans has been overtaken by inflation, and Fed forecasts are only as good as the day they are printed. She also mentions a rise in credit troubles for some Americans.
May 22, 2023 | 3:47 pm
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Fed's Daly's comments on inflation and credit troubles may cause uncertainty in the market, potentially impacting the SPY ETF.
Fed's Daly's comments on real wage growth being overtaken by inflation and the rise in credit troubles for some Americans may cause uncertainty in the market. This uncertainty could lead to a negative short-term impact on the SPY ETF, as it represents the broader market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50