Fed's Daly Says From Contacts, Concerns Now Are The Ones We Had In 2019; We Are Going To Be Resolute; Will Not Take Preemptive Action When It's Not Necessary; No Evidence That Stagflation, Recession Is In Our Future; I Don't See The Ingredients Of The Problems We Had In The 1970s; Want To Bring Inflation Down As Gently And Well As We Can; U.S. Stock Market Rallies Reflect Enthusiasm For The Future
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly states that current concerns mirror those from 2019, emphasizing a resolute approach without unnecessary preemptive actions. She sees no evidence of stagflation or recession and aims to reduce inflation gently. The U.S. stock market rallies reflect future optimism.
June 24, 2024 | 6:45 pm
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POSITIVE IMPACT
Fed's Daly reassures no signs of stagflation or recession, aims for gentle inflation reduction. U.S. stock market rallies show future optimism.
Fed's positive outlook and commitment to gentle inflation reduction are likely to boost investor confidence, contributing to the rally in the U.S. stock market, positively impacting SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80