Fed's Daly Says U.S. Economy Has A Lot Of Momentum; The Post-Pandemic Momentum Of The American Consumer Is The Most Surprising Thing; We Do Not Know If We Need To Hold Rates Here Or Do More; Labor Market Is Still Not In Balance, But It Is Slowing, A Good Sign For The Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mary Daly stated that the U.S. economy has a lot of momentum, particularly due to the surprising post-pandemic behavior of American consumers. However, she expressed uncertainty about whether the current interest rates need to be maintained or increased. She also noted that the labor market is not yet balanced, but it is slowing down.
September 22, 2023 | 5:22 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Mary Daly about the U.S. economy's momentum and uncertainty about interest rates could impact the SPY ETF, which tracks the S&P 500 and is sensitive to economic indicators and monetary policy changes.
The SPY ETF, which tracks the S&P 500, is often influenced by changes in economic indicators and monetary policy. The comments from Federal Reserve's Mary Daly about the U.S. economy's momentum and uncertainty about interest rates could therefore have an impact on the ETF. However, the direction of the impact is uncertain due to the mixed signals - positive momentum in the economy could boost the ETF, while uncertainty about interest rates could create volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75