Fed's Mester Says Data Confirming Inflation Is Still Too High; PCE Inflation Data Underscored Slow Progress On Inflation; Fed Has Made Slow Progress On Inflation, It's 'Concerning'; Tighter Monetary Policy Still Feeding Into Economy
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mester says data confirms inflation is still too high, with PCE inflation data underscoring slow progress on inflation. Mester finds the situation concerning and notes that tighter monetary policy is still feeding into the economy.
May 26, 2023 | 3:11 pm
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Fed's Mester's comments on high inflation and slow progress may impact the overall market sentiment, potentially affecting the SPY ETF.
Mester's comments on high inflation and slow progress can lead to increased uncertainty in the market, potentially causing investors to be more cautious. This may result in a negative impact on the overall market sentiment, which could affect the SPY ETF as it tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50