Fed's Daly Says We Need To See Super-core Inflation Come Back To Pre-pandemic Levels Before I Feel Comfortable We've Done Enough; We Are A Long Way From A Conversation About Rate Cuts
Portfolio Pulse from Happy Mohamed
Federal Reserve's Daly stated that super-core inflation needs to return to pre-pandemic levels before she feels comfortable that enough has been done. She also mentioned that discussions about rate cuts are still far off.
August 10, 2023 | 3:19 pm
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NEUTRAL IMPACT
The statement by Fed's Daly about the need for super-core inflation to return to pre-pandemic levels and the distant possibility of rate cuts could impact the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's monetary policy. Daly's comments indicate that the Fed is not yet ready to cut rates, which could influence investor sentiment and potentially affect the value of the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50