Fed's Mester Says Latest Inflation Data Has Been Welcome News; We Are Starting To See Inflation Move Down Again After Stalling; Need To See Inflation Fall More From Current Levels;It Is Clear Monetary Policy Is Affecting Economy; Neutral Interest Rate Moves Around All The Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester comments on the latest inflation data, noting that inflation is starting to move down again after stalling. She emphasizes the need for inflation to fall further and acknowledges that monetary policy is impacting the economy. Mester also mentions that the neutral interest rate fluctuates.
June 14, 2024 | 12:39 pm
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POSITIVE IMPACT
The comments from Fed's Mester about inflation moving down and the impact of monetary policy are likely to influence the SPY ETF, which tracks the S&P 500. Positive news on inflation could boost investor sentiment.
Mester's comments on inflation moving down are likely to be seen as positive by investors, potentially leading to a short-term increase in SPY as it reflects broader market sentiment.
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