Fed's Daly Says It Is Hard To Say If Wage Growth Is Going To Lead Inflation Down
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of San Francisco President Mary Daly stated that it is difficult to predict if wage growth will lead to a decrease in inflation. This statement comes amidst ongoing debates about the relationship between wage growth and inflation.
July 13, 2023 | 3:24 pm
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NEUTRAL IMPACT
The uncertainty about the impact of wage growth on inflation, as expressed by Fed's Daly, could lead to volatility in the market, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be affected by the uncertainty surrounding the impact of wage growth on inflation. This is because such uncertainty can lead to market volatility, which in turn can affect the performance of the ETF.
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IMPORTANCE 70
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