Fed's Daly Says If Inflation Comes Down Or Labor Market Falters, Can Adjust Policy; Too Early To Tell On Policy; Will Pay Attention To Both Sides Of Fed Mandate; Hears From Business CEOs Is They Already Feel Uncertain; Fed Is Apolitical, Won't Talk About Presidential Debate
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Daly stated that the Federal Reserve could adjust its policy if inflation decreases or the labor market weakens. She emphasized that it is too early to make any policy decisions and that the Fed will consider both sides of its mandate. Daly also mentioned that business CEOs are already feeling uncertain. She reiterated that the Fed is apolitical and will not comment on the presidential debate.
June 28, 2024 | 12:59 pm
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NEUTRAL IMPACT
Fed's Daly indicated potential policy adjustments if inflation decreases or the labor market weakens, which could impact SPY. The uncertainty expressed by business CEOs may also affect market sentiment.
The potential for policy adjustments by the Fed could have a significant impact on SPY, as it reflects the broader market. However, the lack of immediate action and the current uncertainty among business leaders suggest a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50