Fed's Mester Says Policy Well Positioned For Risks On Both Sides; Aims To Maintain Healthy Job Market As Inflation Falls; Says Business Contacts' Feedback Aligns With Economic Data; Businesses Find It Harder To Raise Prices This Year
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester stated that the current policy is well-positioned to handle risks on both sides, aiming to maintain a healthy job market as inflation decreases. Business feedback aligns with economic data, indicating difficulties in raising prices this year.
June 14, 2024 | 5:24 pm
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POSITIVE IMPACT
Fed's Mester's comments suggest a balanced approach to managing economic risks, which could stabilize market sentiment. The difficulty businesses face in raising prices may indicate easing inflation pressures.
Mester's balanced approach to economic risks and the indication of easing inflation pressures are likely to stabilize market sentiment, which is positive for SPY in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80