Fed's Daly Says It's Possible The Slowing So Far Will Translate Into Steady March Toward Goals; There Are Real Risks In Inflation Projection
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Daly has stated that the current economic slowdown could lead to a steady progress towards the Fed's goals. However, she also acknowledged the presence of real risks in the inflation projection.
October 05, 2023 | 4:13 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Daly about the economic slowdown and risks in inflation projection could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic news.
The SPY ETF, which tracks the S&P 500, is often influenced by macroeconomic news and changes in monetary policy. The comments from Federal Reserve's Daly about the economic slowdown and risks in inflation projection could create uncertainty among investors, potentially leading to volatility in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50