Fed's Daly Says Right Now I Have No Indication That Inflation Expectations Are Rising
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that she currently sees no indication that inflation expectations are rising.
September 22, 2023 | 5:54 pm
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NEUTRAL IMPACT
The statement by Fed's Daly may have a neutral impact on SPY as it indicates a stable inflation outlook, which is generally positive for the market.
Inflation expectations can influence market sentiment. Stable inflation is generally positive for the market as it suggests a healthy economy. However, the statement does not directly mention SPY, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50