Fed's Daly Says If Inflation Comes Down More Than Projected, Fed Would Need To Calibrate Policy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mary Daly stated that if inflation decreases more than projected, the Fed would need to adjust its policy accordingly. This statement could potentially impact the overall market and ETFs like SPY.
October 05, 2023 | 4:53 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The statement by Fed's Daly about potential policy adjustments if inflation falls more than expected could impact SPY, as it tracks the overall market.
The Federal Reserve's policies have a significant impact on the overall market. If the Fed adjusts its policies due to lower than expected inflation, it could lead to changes in market sentiment and volatility, potentially affecting the performance of SPY, which tracks the S&P 500 and is a good representation of the overall market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75