Fed Governor Waller Says What People Have In Mind Now Is For Prices To Return To Earlier Levels, And "That Is Not Going To Happen"
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Waller stated that people expecting prices to return to earlier levels will be disappointed as it is not going to happen. This could imply a continuation of inflationary pressures.
November 07, 2023 | 3:42 pm
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The statement by Fed Governor Waller could impact the SPY ETF. Continued inflation could lead to increased market volatility, potentially affecting the ETF's performance.
Inflation impacts the overall market and hence, the SPY ETF which tracks the S&P 500. Continued inflation could lead to increased market volatility and uncertainty, which could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75