Treasury Secretary Yellen Sees Disinflation Pressures At Work As Hiring Surge Fades; Said Hiring Cooling, Rents Subsiding, Supply Chains Loosening; Cautioned Against Reading Too Much Into The June Data
Portfolio Pulse from Charles Gross
Treasury Secretary Yellen has noted disinflation pressures at work as the hiring surge fades. She mentioned that hiring is cooling, rents are subsiding, and supply chains are loosening. Yellen also cautioned against reading too much into the June data.
July 18, 2023 | 10:48 am
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NEGATIVE IMPACT
The comments from Treasury Secretary Yellen about disinflation pressures and a cooling hiring surge could impact the broader market, represented by SPY.
Yellen's comments indicate potential economic slowdown, which could negatively impact the broader market. As SPY is a broad market ETF, it could be affected by these macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75