Fed's Waller Says In The Last Three Months Inflation Data Has Been "Very Good"; If Current Trends Continue Inflation Will Basically Be Back To Target; The Real Side Of The Economy Is Doing Well; Fed Can Watch And See What Happens On Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller stated that the inflation data over the last three months has been 'very good'. If the current trends continue, inflation will be back to target. He also mentioned that the real side of the economy is doing well, suggesting that the Fed can observe and decide on the rates.
October 11, 2023 | 2:41 pm
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POSITIVE IMPACT
The comments from Federal Reserve's Waller about the positive inflation data and the well-performing economy could impact the SPY ETF. The Fed's decision on rates based on these factors could influence the ETF's performance.
The SPY ETF tracks the S&P 500 index, which is influenced by the overall health of the US economy. Positive comments about the economy and inflation from the Federal Reserve can boost investor confidence, potentially leading to an increase in the ETF's price. Furthermore, the Fed's decisions on interest rates can directly impact the stock market and, by extension, the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75