Fed's Jefferson Says Core PCE Prices Will Moderate Further As Labor Market Comes Into Better Balance; Labor Market Remains Tight, Labor Demand Is Cooling, Supply Is Improving; There Is A Path To Restoring Price Stability Without Large Gain In Unemployment
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Jefferson predicts that core PCE prices will continue to moderate as the labor market achieves better balance. He notes that while the labor market remains tight, labor demand is cooling and supply is improving. Jefferson believes that price stability can be restored without a significant increase in unemployment.
October 09, 2023 | 5:38 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Jefferson about the moderation of core PCE prices and the balance in the labor market could influence the overall market sentiment, potentially impacting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be influenced by the overall market sentiment. Jefferson's comments about the economy, particularly about core PCE prices and the labor market, could sway this sentiment. However, the exact impact is uncertain as it depends on how investors interpret and react to these comments.
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