Fed's Mester Says Looks At Lots Of Data About Monetary Policy, Including Money Supply; Fed Has Under Estimated Inflation Levels Until Only Recently; Can't Say For Sure Monetary Policy Is Definitely At The Peak
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester has stated that the Fed looks at a variety of data when considering monetary policy, including money supply. She also mentioned that the Fed has underestimated inflation levels until recently and cannot confirm if monetary policy has reached its peak.
October 20, 2023 | 5:13 pm
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NEUTRAL IMPACT
The Federal Reserve's monetary policy and its views on inflation can significantly impact the performance of the SPY ETF. The uncertainty about whether monetary policy has peaked could introduce volatility.
The SPY ETF tracks the S&P 500 and is therefore sensitive to changes in the broader economic environment. The Federal Reserve's monetary policy and inflation views can significantly impact this environment. The uncertainty about whether monetary policy has peaked could introduce volatility into the market, potentially affecting the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50