Fed's Daly Says We Are Going To Keep Going Until We Are Confident Of Inflation's Path To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that the Fed will continue its current monetary policy until it is confident that inflation is on a path to 2%. This statement may impact the overall market, including the SPDR S&P 500 ETF (SPY).
October 05, 2023 | 4:53 pm
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NEUTRAL IMPACT
The statement by Fed's Daly about the continuation of the current monetary policy until inflation reaches 2% could impact the SPY ETF, as it tracks the overall market.
The Federal Reserve's monetary policy has a significant impact on the overall market. As SPY tracks the S&P 500, which is a broad representation of the US stock market, any changes or continuation in the Fed's policy could affect the ETF. However, the exact impact will depend on how the market interprets and reacts to these policy decisions.
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IMPORTANCE 80
RELEVANCE 75