Cleveland Fed Pres. Mester Says Jobs Report Doesn't Change My View Of U.S. Labor Market
Portfolio Pulse from Benzinga Newsdesk
Cleveland Federal Reserve President, Mester, stated that the recent jobs report does not alter her perspective of the U.S. labor market. This statement was reported by CNN International.
October 06, 2023 | 7:38 pm
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NEUTRAL IMPACT
The statement by Cleveland Fed President Mester may impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the U.S. labor market.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in the U.S. labor market. However, as Mester's statement indicates no change in her view of the labor market, the impact on SPY is likely to be neutral in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50