Fed's Musalem Says Current Monetary Policy Stance Seems Restrictive, But Some Uncertainty About To What Degree; Possible That Monetary Policy Transmission May Be Slower This Cycle; Financial Conditions Feel Accommodative In Some Parts Of Economy, Restrictive In Others
Portfolio Pulse from Benzinga Newsdesk
Fed's Musalem comments on the current monetary policy, indicating it seems restrictive but with some uncertainty about its degree. He notes that monetary policy transmission may be slower this cycle, with financial conditions feeling accommodative in some parts of the economy and restrictive in others.
June 18, 2024 | 5:22 pm
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Fed's Musalem's comments suggest a mixed outlook on monetary policy, which could lead to short-term volatility in SPY. The uncertainty about the degree of restrictiveness and the slower transmission may cause fluctuations.
The comments from Fed's Musalem introduce uncertainty about the current monetary policy's impact, which could lead to short-term volatility in SPY. The mixed signals about financial conditions being both accommodative and restrictive in different parts of the economy add to the uncertainty.
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IMPORTANCE 70
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