Fed's Daly Says Inflation Expectations, And Frequency And Magnitude Of Price Changes, Are Both On A Downward Trajectory; Want To Work 'resolutely' And 'Carefully' To Restore Price Stability
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly states that inflation expectations, frequency, and magnitude of price changes are on a downward trajectory, and the Fed aims to work resolutely and carefully to restore price stability.
June 23, 2023 | 1:38 pm
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NEUTRAL IMPACT
Fed's Daly's comments on downward inflation expectations and price changes may impact the overall market sentiment, potentially affecting SPY.
Fed's Daly's comments on inflation expectations and price changes can influence overall market sentiment. While the comments are not directly related to SPY, they may have an indirect impact on the ETF as it tracks the S&P 500 index, which is sensitive to macroeconomic factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50