Fed's Daly Says The Key Is Goods Price Inflation, Which Is Coming Down, And Shelter Price Inflation, Which We Project Is Coming Down; The Piece We Will Be Watching Is Core-Services Inflation, Ex-Housing As It Has Not Made Much Progress So Far
Portfolio Pulse from Happy Mohamed
Federal Reserve's Daly stated that the key focus is on goods price inflation, which is currently decreasing, and shelter price inflation, which is also projected to decrease. The Fed will be closely monitoring core-services inflation, excluding housing, as it has not shown significant progress.
August 10, 2023 | 3:18 pm
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NEUTRAL IMPACT
The Federal Reserve's focus on decreasing goods and shelter price inflation, and the close monitoring of core-services inflation, excluding housing, may impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic indicators.
The SPY ETF, which tracks the S&P 500, is sensitive to macroeconomic indicators such as inflation. The Federal Reserve's focus on decreasing inflation and the close monitoring of core-services inflation could influence investor sentiment and market trends, potentially impacting the SPY ETF. However, the direct impact is uncertain as it depends on the actual inflation data and the Fed's policy response.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50