Fed's Collins Says Right Now The Data Are Really Noisy; Full Employment Understanding Means Looking Economy Broadly
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Collins remarked that current economic data are 'really noisy,' indicating difficulty in interpreting the data. Collins emphasized the importance of considering the broader economy when understanding the concept of full employment.
November 17, 2023 | 3:23 pm
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Fed's Collins comments on noisy economic data may lead to market uncertainty, potentially affecting the SPDR S&P 500 ETF Trust (SPY) as it reflects the broader market sentiment.
Fed officials' statements on economic data can influence investor sentiment and market volatility. While Collins' comments do not provide a clear direction, they suggest caution in interpreting economic indicators, which could lead to a neutral short-term impact on SPY as investors digest the implications for monetary policy and economic health.
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