Fed Governor Waller Says Labor Market Is Cooling And Getting Close To Average From Before The Pandemic; "Clearly Calming Down"
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Waller has stated that the labor market is cooling and is nearing the average levels seen before the pandemic, indicating a calming down of the market.
November 07, 2023 | 3:13 pm
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NEUTRAL IMPACT
The calming labor market, as indicated by Fed Governor Waller, may lead to stability in the market, potentially impacting the SPY ETF.
The labor market's cooling down is a sign of economic stability, which can lead to less volatility in the market. This could potentially impact the SPY ETF, which tracks the S&P 500 and is sensitive to overall market conditions.
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