Fed's Daly Says The Economy Still Has Considerable Momentum; We Are A Long Way From 2% Inflation, And A Long Way From Sustainable Employment; Even With Recent Slowing In Labor Market, Job Growth Remains Well Above What's Needed To Keep Pace With Growth
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mary Daly stated that the economy still has considerable momentum, despite being far from 2% inflation and sustainable employment. She also noted that job growth remains well above what's needed to keep pace with growth, even with recent slowing in the labor market.
October 05, 2023 | 4:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The comments from Federal Reserve's Mary Daly about the economy's momentum and job growth could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500 and is a broad measure of the US stock market.
The Federal Reserve's views on the economy can significantly influence investor sentiment. While Daly's comments indicate a positive outlook on the economy's momentum and job growth, she also noted that we are far from 2% inflation and sustainable employment. This mixed message could lead to uncertainty among investors, potentially impacting the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75