Fed's Logan Says Housing Market May Have Bottomed Out; Commercial Real Estate Risk Is Being Watched; Treasury Account Rebuild Likely To Come From Overnight Reverse Repo; Fed Balance Sheet Outlook Shouldn't Affect Rate Outlook; Housing Sector Rebound Might Threaten Progress On Inflation
Portfolio Pulse from Happy Mohamed
Federal Reserve official Lorie Logan has stated that the housing market may have reached its lowest point, and that the risk in the commercial real estate (CRE) sector is being monitored. She also mentioned that the rebuilding of the Treasury account is likely to come from overnight reverse repo operations, and that the outlook for the Fed's balance sheet should not affect the rate outlook. A rebound in the housing sector could potentially threaten progress.
July 06, 2023 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The statements by Federal Reserve official Lorie Logan could potentially impact the SPY ETF. The outlook for the housing market and the CRE sector, as well as the operations of the Treasury, could influence the overall market sentiment.
While the SPY ETF is not directly mentioned in the article, it is a broad market ETF and thus, changes in the housing market, the CRE sector, and the operations of the Treasury could potentially influence its performance. However, the exact impact is uncertain and depends on various factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50