Fed's Waller Says More Loosening Of 'very Tight' Labor Market Needs To Be Seen To Help Take Heat Off High Inflation; He Is Concerned About Lack Of Progress On Inflation; Says April Pce Inflation, May CPI Data Will Be 'Critical'
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Christopher Waller stated that more loosening of the 'very tight' labor market is needed to help reduce high inflation. He expressed concerns about the lack of progress on inflation and mentioned that April PCE inflation and May CPI data will be critical.
May 24, 2023 | 4:14 pm
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NEUTRAL IMPACT
Fed's Waller's comments on the need for a looser labor market to combat high inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Waller's comments on the labor market and inflation may influence investor sentiment and expectations about the Federal Reserve's future actions. This could lead to increased market volatility and impact the SPY ETF, which tracks the S&P 500 index. However, the direct impact on SPY is uncertain as it depends on how investors interpret and react to Waller's statements.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50