Fed's Kugler Says Remain Concerned About Housing, Import Prices And Wages Are Still Higher Than Productivity; Have To See That Continued Progress On Wage Moderation
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler expressed concerns about housing, import prices, and wages, noting that wages are still higher than productivity. He emphasized the need for continued progress on wage moderation.
June 18, 2024 | 5:53 pm
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Fed's Kugler's comments on housing, import prices, and wages could signal potential economic challenges, impacting the broader market represented by SPY.
Kugler's comments suggest potential economic headwinds, which could negatively affect market sentiment and the performance of SPY in the short term.
CONFIDENCE 80
IMPORTANCE 70
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