Cleveland Fed President Loretta Mester Says Too Early To Say Neutral Rate Level Has Shifted Much
Portfolio Pulse from Happy Mohamed
Cleveland Fed President Loretta Mester has stated that it is too early to say whether the neutral rate level has shifted significantly. This statement may impact the overall market sentiment.
July 10, 2023 | 3:36 pm
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NEUTRAL IMPACT
The statement by Cleveland Fed President Loretta Mester may impact the overall market sentiment, potentially affecting the SPY ETF.
The neutral rate level is a key factor in monetary policy and can influence overall market sentiment. As SPY is a broad market ETF, changes in market sentiment can impact its price. However, as the statement is non-committal, the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75