Fed's Mester Says Still Think Inflation Will Come Down; But Inflation Won't Come Down Quickly; Policy Is Well-positioned For Risks On Either Side
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester believes inflation will decrease but not quickly. She states that current policies are well-positioned to handle risks on either side.
May 20, 2024 | 6:10 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on inflation and policy positioning could impact market sentiment and the performance of SPY, which tracks the S&P 500.
Mester's comments suggest a cautious but stable approach to inflation, which may lead to neutral market sentiment in the short term. SPY, representing the S&P 500, could see limited immediate impact as investors digest the Fed's stance.
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