Fed's Daly Said It's Unlikely We'll Be At 2% Inflation In 2024; Said I Am Completely Unwilling To Entertain Increasing 2% Inflation Target
Portfolio Pulse from Charles Gross
Federal Reserve's Daly stated that it's unlikely the US will reach a 2% inflation rate by 2024. She also expressed her unwillingness to entertain the idea of increasing the 2% inflation target.
September 22, 2023 | 5:45 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on inflation could impact the Federal Reserve Capped ETF (FEDC).
The Federal Reserve's policies and statements often have a direct impact on the Federal Reserve Capped ETF (FEDC). However, the impact of this particular statement is uncertain as it depends on various factors including market reaction and future economic conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Federal Reserve's stance on inflation could impact the SPDR S&P 500 ETF (SPY).
The Federal Reserve's policies and statements often have a direct impact on the broader market, which includes the SPDR S&P 500 ETF (SPY). However, the impact of this particular statement is uncertain as it depends on various factors including market reaction and future economic conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70