Fed's Logan Says Continued Restrictive Financial Conditions Will Be Necessary To Bring Down Inflation; In Setting Policy Rate, Fed Must Take Account Of Financial Conditions, Which Have Tightened Substantially In Recent Months
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve official Lorie Logan stated that continued restrictive financial conditions will be necessary to control inflation. She also mentioned that the Federal Reserve must consider the financial conditions, which have tightened significantly in recent months, while setting the policy rate.
October 09, 2023 | 1:00 pm
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The Federal Reserve's stance on maintaining restrictive financial conditions to control inflation could impact the SPY ETF. Tightened financial conditions may lead to increased volatility in the market, potentially affecting the ETF's performance.
The Federal Reserve's policy decisions have a significant impact on the overall market. The continuation of restrictive financial conditions, aimed at controlling inflation, could lead to increased market volatility. This could potentially affect the performance of the SPY ETF, which tracks the S&P 500 and is a good indicator of the overall market condition.
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