Fed's Waller Says Could Still Be A Shock That Throws A Soft Landing Off Course, But That Cannot Be Forecast; Absent A Shock "No Reason" Fed Cannot Pull Off A Soft Landing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher J. Waller expressed optimism about achieving a 'soft landing' for the U.S. economy, despite acknowledging the potential for unforeseen shocks that could derail this outcome. He stated that absent any unpredictable shocks, there is 'no reason' the Fed cannot manage a soft landing.
November 28, 2023 | 3:31 pm
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Fed Governor Waller's comments suggest confidence in the Fed's ability to manage a soft landing, potentially easing investor concerns and supporting market stability as reflected in SPY.
Waller's comments may reassure investors about the Fed's control over the economic situation, which could lead to increased optimism and potentially support the stock prices of broad market ETFs like SPY in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70