Fed's Daly Says We Are Seeing Firms' Expected Wage Growth Moderating; Will Be Watching If Energy Price Increases Push Up Short-run Inflation Expectations
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Daly has stated that firms' expected wage growth is moderating. She also mentioned that they will be monitoring if energy price increases push up short-run inflation expectations.
September 22, 2023 | 5:51 pm
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NEUTRAL IMPACT
The Federal Reserve's observations on wage growth and inflation could impact the broader market, potentially affecting the SPY ETF.
The Federal Reserve's comments on wage growth and inflation can have significant implications for the broader market. As SPY is a broad market ETF, it could be affected by these macroeconomic factors. However, the exact impact will depend on future economic data and the Fed's subsequent actions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75