Fed's Kashkari Says We've Been Surprised By Economy's Resilience; Inflation Is Still Too High; I Feel Good About Progress On Inflation; The Question Is, Have We Done Enough, Or Do We Need To Do More
Portfolio Pulse from Happy Mohamed
Federal Reserve's Neel Kashkari has expressed surprise at the resilience of the economy, but noted that inflation is still too high. He feels good about the progress on inflation, but questions whether enough has been done or if more action is needed.
August 15, 2023 | 3:07 pm
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The comments from Federal Reserve's Neel Kashkari may impact the SPY ETF. His concerns about high inflation could lead to more aggressive monetary policy, potentially affecting the stock market.
High inflation often leads to more aggressive monetary policy, including interest rate hikes, which can make borrowing more expensive and slow economic growth. This can negatively impact the stock market, and therefore the SPY ETF, which tracks the S&P 500.
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