Minneapolis Fed President Kashkari Says Jobs Report Friday Was Softer Than Expected But Not Soft; New Lease Rates Seem To Have Ticked Up, That's A Little Concerning
Portfolio Pulse from Benzinga Newsdesk
Minneapolis Fed President Neel Kashkari commented that the recent jobs report was softer than anticipated, though not categorically soft. Additionally, he expressed concern over the observation that new lease rates have slightly increased.
May 07, 2024 | 3:36 pm
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NEUTRAL IMPACT
The comments from Minneapolis Fed President Kashkari about the jobs report and lease rates may influence investor sentiment, potentially affecting the SPY ETF.
Kashkari's comments on the economy can influence market sentiment, affecting indices like SPY. However, the impact is uncertain due to the mixed nature of the comments - concern over lease rates but a not overly negative view on the jobs report.
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RELEVANCE 50