Fed's Harker Says Seeing Evidence Labor Market Tightness Is Easing; Wants To See Softening In Labor Market, Notably In Service Sector
Portfolio Pulse from Happy Mohamed
In a CNBC interview, Fed's Harker stated that there is evidence of easing labor market tightness. He expressed a desire to see a softening in the labor market, particularly in the service sector.
August 24, 2023 | 2:14 pm
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NEUTRAL IMPACT
Fed's Harker's comments on labor market conditions could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500.
The labor market conditions are a key economic indicator that can influence investor sentiment and market trends. As SPY ETF tracks the S&P 500, any significant changes in the labor market can potentially impact its performance. However, the direct impact of Harker's comments on SPY is uncertain in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50