Fed's Waller Says 'Increasingly Confident' Policy Is Well Positioned To Slow Economy, Get Inflation Back To 2%; Cannot Say For Sure If Fed Has Done Enough; Data Over Next Couple Months Will Hopefully Tell
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher J. Waller expressed confidence that the Fed's current policy stance is well positioned to slow the economy and bring inflation back to the 2% target. However, he acknowledged uncertainty about whether the Fed has done enough to achieve these goals. Waller indicated that economic data over the next few months should provide clarity on the effectiveness of the Fed's actions.
November 28, 2023 | 3:06 pm
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NEUTRAL IMPACT
Fed Governor Waller's comments may lead to cautious optimism among investors, potentially influencing the performance of SPY, which tracks the S&P 500.
Waller's comments suggest a wait-and-see approach, which may not lead to immediate significant market movements. However, his confidence in the policy's direction could provide some stability to the markets, affecting assets like SPY that are sensitive to economic indicators and Fed policy shifts.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70