Fed's Collins Says Current Monetary Policy Phase Calls For Patience; CPI Data Reiterates It Will Take Time To Get Inflation Back Down; Too Soon To Say Inflation On Sustainable Path To 2% Target
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Collins has stated that the current phase of monetary policy requires patience. The recent Consumer Price Index (CPI) data suggests that it will take time to bring inflation back down. Collins also mentioned that it is too early to say if inflation is on a sustainable path to the 2% target.
October 12, 2023 | 8:04 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Collins about the need for patience in the current monetary policy phase and the time it will take to bring inflation down could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy and inflation.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy and inflation. The comments from Federal Reserve's Collins about the need for patience in the current monetary policy phase and the time it will take to bring inflation down could create uncertainty among investors, potentially impacting the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50