Fed's Daly Says Would Be 'Historical Anomaly' To Get 2% Inflation With Sub 4% Unemployment; Seems Completely Reasonable To See Unemployment Go Above 4%; Real Wage Growth For Most Americans Has Been Overtaken By Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly states that achieving 2% inflation with sub 4% unemployment would be a historical anomaly, and it is reasonable to see unemployment go above 4%. Real wage growth for most Americans has been overtaken by inflation.
May 22, 2023 | 3:49 pm
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Fed's Daly's comments on inflation and unemployment may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed's Daly's comments on the relationship between inflation and unemployment can influence market sentiment and expectations. While the SPY ETF is not directly mentioned, it is a broad market indicator and can be affected by changes in sentiment. However, the impact may not be significant enough to cause a clear short-term price direction.
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IMPORTANCE 60
RELEVANCE 50