Fed's Daly Says We Could Easily Overcorrect, Need To Take The Time To Do It Right
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly warned about the risk of overcorrection in the Fed's policy and emphasized the need to take time to make the right decisions.
October 05, 2023 | 4:25 pm
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NEUTRAL IMPACT
The comments from Fed's Daly could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in Fed policy.
The SPY ETF, which tracks the S&P 500, is often influenced by changes in Federal Reserve policy. Daly's comments about the risk of overcorrection and the need for careful decision-making could lead to uncertainty among investors, potentially impacting the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50