Fed's Kashkari Says Big Question Mark Now Is, How Restrictive Is Policy Right Now; We Probably Need To Sit Here For A While Longer To Figure Out Where Inflation Is Headed
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari stated that the key question is how restrictive the current monetary policy is. He suggested that the Fed might need to maintain the current stance for a while longer to assess the direction of inflation.
May 15, 2024 | 4:22 pm
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Neel Kashkari's comments suggest that the Federal Reserve may keep its current monetary policy stance for a longer period to better understand inflation trends. This could lead to market uncertainty and potential volatility in the short term.
Kashkari's comments indicate a wait-and-see approach from the Fed, which could lead to uncertainty in the markets. SPY, as a broad market ETF, may experience volatility as investors react to potential prolonged restrictive policies.
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