Fed's Jefferson Says Possible To Bring Down Inflation Without Substantial Increase In Unemployment; Fed Needs To Remain Vigilant And Nimble, Should Not Be Surprised If An Unexpected Shock Occurs; He Remains Cautiously Optimistic About Progress On Inflation, Will Review Totality Of Data In Assessing Policy
Portfolio Pulse from Benzinga Newsdesk
Fed's Jefferson expressed that it's possible to reduce inflation without a significant rise in unemployment. He emphasized the need for the Fed to stay vigilant and adaptable, acknowledging the potential for unexpected shocks. Jefferson remains cautiously optimistic about making progress on inflation and stated that policy assessments would consider the totality of data.
February 22, 2024 | 3:02 pm
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Jefferson's comments may instill confidence in investors about the Fed's ability to manage inflation without harming employment, potentially positively impacting SPY.
Jefferson's optimistic yet cautious stance on inflation and employment, coupled with the Fed's commitment to adaptability, may reassure investors about the economic outlook. This could lead to a positive sentiment in the market, benefiting broad market ETFs like SPY.
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