Fed's Logan Says Surprising Strength Of Economy Creates Risks For Inflation; We Have More Work To Do; Quite A Bit Of Room For Fed Balance Sheet Runoff
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan has stated that the surprising strength of the economy creates risks for inflation. He also mentioned that there is more work to do and there is quite a bit of room for Fed balance sheet runoff.
October 09, 2023 | 1:34 pm
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NEUTRAL IMPACT
The strong economy and potential inflation risks could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic changes.
The SPY ETF, which tracks the S&P 500, is sensitive to macroeconomic changes. The strong economy is generally positive for stocks, but the potential inflation risks could lead to increased volatility. The Fed's balance sheet runoff could also impact interest rates, which could in turn affect stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50