Fed's Daly Says Fed Is Facing 'Calibration Exercise' On Policy; Holding On Too Long With Rates Could Create Unforced Error, Hurt Economy
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly mentioned that the Federal Reserve is currently in a 'calibration exercise' regarding its policy. She warned that holding on to high rates for too long could lead to an unforced error, potentially harming the economy.
March 06, 2024 | 5:31 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may be impacted by Fed's Daly's comments on interest rates and the economy, as it reflects the broader market sentiment.
Fed's Daly's comments on the calibration of interest rates directly relate to the broader economic outlook, which in turn affects market sentiment and the performance of broad market ETFs like SPY. However, the impact is considered neutral in the short term as the market may have already priced in various outcomes of the Fed's policy decisions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75