Fed's Kashkari Says Too Soon To Declare Victory On Getting To A Soft Landing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Minneapolis President Neel Kashkari has stated that it is too soon to declare victory on achieving a soft landing for the economy. This statement comes amidst ongoing discussions about the Federal Reserve's monetary policy and its impact on the economy.
October 10, 2023 | 7:26 pm
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NEUTRAL IMPACT
The statement by Federal Reserve Bank of Minneapolis President Neel Kashkari may impact investor sentiment and thus the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the overall economy.
The SPY ETF tracks the S&P 500 and is therefore sensitive to changes in the overall economy. Kashkari's statement may impact investor sentiment, leading to potential fluctuations in the ETF's price. However, the exact impact is uncertain as it depends on how investors interpret and react to Kashkari's statement.
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