Fed's Kashkari Says The Data Will Guide Us On Rate Decisions; We Will Achieve 2% Inflation, Which Is Our Goal; 3% Is Not Good Enough; If We Stop Short Of 2% Inflation Goal, It Will Hurt Out Credibility
Portfolio Pulse from Benzinga Newsdesk
Fed's Kashkari emphasizes the importance of data in guiding rate decisions, aiming for a 2% inflation target. He states that achieving this goal is crucial for maintaining the Fed's credibility, and that 3% inflation is not acceptable.
May 07, 2024 | 3:40 pm
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NEUTRAL IMPACT
Kashkari's comments on inflation targets and rate decisions may influence investor sentiment and market volatility, potentially impacting SPY.
Kashkari's statements on inflation and interest rate decisions are key indicators for the market's direction. While the direct impact on SPY is not immediate, the emphasis on achieving a 2% inflation target and the implications for future rate decisions can influence investor sentiment and market volatility. As SPY is a broad market ETF, it is sensitive to changes in market sentiment driven by Fed policies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75