Fed's Daly Says Whether We Raise Rates Or Hold, It's Premature To Say; Inflation Data Is In Right Direction; If Core Services Ex-housing Stalls Out, That Would Be Information And Contacts Say Inflation Is Too High
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mary Daly stated that it is too early to determine whether interest rates will be raised or held. She noted that inflation data is moving in the right direction. However, if core services excluding housing stalls, it would be significant information. Contacts have expressed concerns that inflation is too high.
August 10, 2023 | 3:17 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Mary Daly may impact the SPY ETF. The uncertainty around interest rates and inflation could lead to market volatility.
The SPY ETF, which tracks the S&P 500, could be impacted by the comments from Federal Reserve's Mary Daly. The uncertainty around interest rates and inflation could lead to market volatility, affecting the performance of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50