Fed's Kashkari Says The Economy, Job Market Have Been More Resilient Than I Would Have Guessed; We Seem Like We Are On Track For A Soft Landing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has stated that the economy and job market have shown more resilience than he had anticipated. He also mentioned that it seems like the economy is on track for a soft landing.
October 10, 2023 | 7:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The statement by Federal Reserve's Neel Kashkari about the resilience of the economy and job market may have a positive impact on the SPY ETF, as it suggests a stable economic environment.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Positive comments about the economy and job market from a Federal Reserve official can boost investor confidence, potentially leading to an increase in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75