Fed's Mester Says Still Work To Do To Gain Confidence In Inflation; Median SEP Projection Close To Mine For Economy; Want A Few More Months Of Similar Inflation Data
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester stated that more work is needed to gain confidence in inflation control. She noted that the median SEP projection aligns closely with her economic outlook and emphasized the need for a few more months of consistent inflation data.
June 14, 2024 | 5:19 pm
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Federal Reserve's Mester's comments on the need for more work to control inflation and the alignment of the median SEP projection with her outlook could lead to short-term volatility in SPY as investors react to potential future monetary policy actions.
Mester's comments suggest that the Federal Reserve may continue its current monetary policy stance, which could lead to short-term market volatility as investors digest the implications for inflation and economic growth.
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