Fed's Daly Says Monetary Policy Is Restrictive; Progress Isn't Victory, Must Remain Resolute
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that the current monetary policy is restrictive. She emphasized that progress is not victory and the Fed must remain resolute.
October 05, 2023 | 4:08 pm
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NEUTRAL IMPACT
The statement by Fed's Daly about the restrictive monetary policy could impact the SPY ETF, as changes in monetary policy often affect market sentiment.
Monetary policy has a significant impact on the overall market, which is represented by SPY. However, the exact direction of the impact is uncertain as it depends on various factors including market sentiment and future policy decisions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50