Fed's Daly Calls On SF Founders To Bring Workers Back To Offices
Portfolio Pulse from Benzinga Newsdesk
San Francisco Federal Reserve President Mary Daly has urged tech founders in San Francisco to bring their employees back to the office. Daly emphasized the importance of in-person work for productivity and innovation. This call comes as many tech companies continue to allow remote work, impacting the local economy and commercial real estate market.
June 24, 2024 | 6:54 pm
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NEUTRAL IMPACT
The call from Fed's Daly for tech workers to return to offices could impact the broader market, as SPY includes major tech companies that have adopted remote work policies.
SPY, as an ETF that tracks the S&P 500, includes major tech companies that have embraced remote work. Daly's call could influence these companies' policies, but the immediate impact on SPY is uncertain.
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