Fed's Daly Says Still Have An Economy With A Lot Of Momentum
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of San Francisco President Mary Daly stated that the U.S. economy still has a lot of momentum, according to Reuters.
July 13, 2023 | 3:23 pm
News sentiment analysis
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POSITIVE IMPACT
The statement by Fed's Daly about the U.S. economy's momentum may influence the overall market sentiment, potentially impacting SPY.
Positive statements from Federal Reserve officials about the economy often lead to increased investor confidence, which can drive up the prices of broad market ETFs like SPY. However, the impact may not be immediate or direct, hence the relevance score is set at 50.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50