Minneapolis Fed President Kashkari Publishes Essay On Minneapolis Fed Website; We Have Made A Lot Of Progress Towards 2% Inflation Goal
Portfolio Pulse from Benzinga Newsdesk
Minneapolis Fed President Kashkari has published an essay on the Minneapolis Fed website, stating that significant progress has been made towards the 2% inflation goal.
September 26, 2023 | 2:08 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The statement by Minneapolis Fed President Kashkari about progress towards the 2% inflation goal may impact the SPY ETF, as it tracks the performance of the S&P 500, which is sensitive to inflation and monetary policy changes.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in inflation and monetary policy. While the article does not directly mention SPY, the statement by Kashkari about progress towards the 2% inflation goal could influence investor sentiment and potentially impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50