Fed's Mester Says I Don't See Any Reason Why When We Cut Federal Funds Rate We Can't Continue With Our Balance Sheet Plan; Says Doesn't Think Disinflation Pace This Year Will Match Last Year
Portfolio Pulse from Benzinga Newsdesk
Fed's Mester expressed that there is no reason to halt the balance sheet plan when cutting the Federal Funds Rate. She also mentioned that the pace of disinflation this year might not match the previous year's.

April 04, 2024 | 6:13 pm
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NEUTRAL IMPACT
Mester's comments may lead to cautious optimism among investors, potentially impacting SPY as it reflects broader market sentiment.
Mester's remarks suggest a continued tight monetary policy, which could have mixed effects on the market. While the commitment to the balance sheet plan indicates a cautious approach to inflation, the acknowledgment of a slower disinflation pace could worry investors. SPY, as a broad market ETF, may see volatility as investors digest these implications.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70