Fed's Daly Says Cumulative Policy Effects Need To Go Through The System
Portfolio Pulse from Benzinga Newsdesk
In a recent CNBC interview, Federal Reserve's Mary Daly stated that the cumulative effects of the Fed's policy need time to permeate the system.
July 13, 2023 | 3:17 pm
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NEUTRAL IMPACT
The comments from Fed's Daly may impact the broader market, tracked by SPY, as investors interpret her remarks on the effects of the Fed's policy.
The Federal Reserve's policies have a significant impact on the overall market. While Daly's comments do not indicate a specific direction, they may cause some uncertainty among investors, potentially leading to volatility in the market, which is tracked by SPY.
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