Fed's Logan Says Labor Market Still Too Tight, Says Have Seen Some Important Cooling In Labor Market; Says We'll Need To See Tight Financial Conditions To Bring Inflation To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve official Logan stated that the labor market is still too tight, despite some cooling. He added that tight financial conditions are necessary to bring inflation back to 2%.
November 07, 2023 | 6:38 pm
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The comments from Fed's Logan about the need for tight financial conditions to control inflation could impact the broader market, represented by SPY.
Tight financial conditions often mean higher interest rates, which can make borrowing more expensive and slow economic growth. This could negatively impact the broader market, including SPY.
CONFIDENCE 85
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