Fed's Logan Says Need To Be Sensitive To Impact Of Energy Price Shocks On Inflation Expectations; Energy Price Shocks Are An Important Risk That Needs Focus
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan has stated that there is a need to be sensitive to the impact of energy price shocks on inflation expectations. He emphasized that energy price shocks are an important risk that needs focus.
November 07, 2023 | 6:42 pm
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NEUTRAL IMPACT
The statement by Fed's Logan about the impact of energy price shocks on inflation expectations could influence the overall market sentiment, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be influenced by the overall market sentiment. If investors perceive Logan's comments as a warning of potential inflation due to energy price shocks, it could lead to increased market volatility, potentially affecting the value of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75