Fed's Daly Says We Are Committed To Getting Core Inflation Down By Bringing Demand Back In Line With Supply, Will Get Broader Inflation Relief; People Say Inflation Is No. 1 Concern; The Rebalancing Of Labor Market Is A Part Of What Fed Is Trying To Do
Portfolio Pulse from Happy Mohamed
In a Yahoo Finance interview, Fed's Daly stated that the Federal Reserve is committed to reducing core inflation by aligning demand with supply. She also mentioned that the rebalancing of the labor market is part of the Fed's strategy. The public's number one concern is inflation.
August 10, 2023 | 3:07 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The Federal Reserve's commitment to reducing inflation and rebalancing the labor market could impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve's policies have a broad impact on the economy and the stock market. While the SPY ETF is not directly mentioned, it represents a broad swath of the market and could be affected by these policies. However, the exact impact is uncertain as it depends on how effectively the Fed can implement these strategies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50