Fed's Kugler Says If Disinflation Progress Stalls, May Be Appropriate To Hold Policy Rate Steady For Longer; Kugler Sees 'Reasons For Optimism' On Services Inflation, Where There Has Been Less Progress
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler expressed that if progress on disinflation stalls, it might be appropriate to maintain the current policy rate for an extended period. He also mentioned 'reasons for optimism' regarding services inflation, which has shown less progress.
February 07, 2024 | 4:03 pm
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Fed's Kugler's comments on potentially holding the policy rate steady could influence investor sentiment and market stability, impacting SPY.
Fed's monetary policy decisions are a significant driver of market sentiment and stability. Kugler's comments suggest a cautious approach to rate changes, which could lead to a neutral short-term impact on SPY as investors digest the implications for economic growth and inflation.
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