NY Fed's Williams There Is Still A Way To Go To Reach 2% Inflation Target On A Sustained Basis; We Have Seen Significant Progress In Bringing Inflation Back Toward Fed's 2% Target Rate
Portfolio Pulse from Benzinga Newsdesk
NY Fed's Williams stated that there is still progress needed to reach the 2% inflation target on a sustained basis, although significant progress has been made in bringing inflation back toward the Fed's target rate.
July 05, 2024 | 3:01 pm
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NY Fed's Williams indicated that more progress is needed to reach the 2% inflation target on a sustained basis, which could imply continued monetary policy adjustments. This may lead to short-term volatility in SPY.
Williams' comments suggest that the Fed may continue to adjust monetary policy to achieve the 2% inflation target. This could lead to short-term market volatility, impacting SPY.
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