Fed's Daly Says Neutral Rate Estimate Is Now Between 0.5 And 1, With A Nominal Rate Between 2.5 And 3; Policy Is Working; Have To See How Much Longer It Will Take To Get The Job Done
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly stated that the current neutral rate estimate is between 0.5 and 1, with a nominal rate between 2.5 and 3. She emphasized that the policy is effective but it's uncertain how much longer it will take to achieve the desired outcomes.
February 16, 2024 | 6:19 pm
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Fed's Daly's comments on interest rates and policy effectiveness may influence investor sentiment, potentially impacting SPY as it reflects the broader market.
Fed's Daly's statements provide insights into the Federal Reserve's view on the economy, which can influence investor sentiment and market movements. However, the direct impact on SPY is uncertain as it aggregates the performance of a wide range of stocks, which may be affected differently by the economic outlook.
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IMPORTANCE 60
RELEVANCE 75