Fed's Daly Says Part Of Improvement On Inflation Has Come From Supply Side; Demand Is Also Slowing, Creating Opportunity For The 'Terrific Relief' Of Inflation To Come Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mary Daly stated that the improvement in inflation has partly come from the supply side. She also noted that demand is slowing down, which could lead to a decrease in inflation, providing 'terrific relief'.
September 22, 2023 | 5:24 pm
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NEUTRAL IMPACT
The Federal Reserve's comments on inflation and slowing demand could impact the overall market, represented by SPY.
The Federal Reserve's comments on inflation and demand can have a significant impact on the overall market. As SPY is a broad market ETF, it could be affected by these macroeconomic factors. However, the exact impact is uncertain as it depends on various other factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75