Fed's Logan Says To The Extent A Stronger Economy Is Behind Rise In Long-Term Rates, Fed May Need To Do More; Attentive To Risks On Both Sides Of Fed's Mandate, But High Inflation Is Most Important Risk; Labor Market Still Very Strong, Wages Still Solid
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan stated that if the stronger economy is causing the rise in long-term rates, the Fed may need to take further action. He emphasized that high inflation is the most significant risk, but the labor market remains strong with solid wages.
October 09, 2023 | 1:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The comments from Federal Reserve's Logan about the potential need for further action due to a stronger economy and rising long-term rates could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. If the Fed takes further action due to a stronger economy and rising long-term rates, it could lead to increased volatility in the market, potentially negatively impacting the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75