Fed's Harker Says Want Wage Pressures To Cool But Not Fall Off A Cliff
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Philadelphia President Patrick Harker expressed his desire for wage pressures to cool down but not to fall off a cliff, according to Reuters.

October 13, 2023 | 1:56 pm
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NEUTRAL IMPACT
The comments from Fed's Harker about wage pressures could potentially impact the broader market, represented by SPY.
The Federal Reserve's stance on wage pressures can influence market sentiment and economic outlook, which in turn can impact the broader market, represented by SPY. However, the exact impact is uncertain as it depends on various factors including market's interpretation of these comments and other economic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75