Fed's Kugler Says Disinflation Is Back On Track; On Services Ex Housing There Has Been Progress With Wage Moderation, And Also Progress On Housing As Well; Cautiously Optimistic That Inflation Is Returning To 2%; Many Labor Market Measures Show Substantial Rebalancing Of Supply And Demand; Fed Does Not Want The Labor Market To Cool Too Much
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler expresses cautious optimism that disinflation is back on track, with progress in wage moderation and housing. He notes substantial rebalancing in the labor market but emphasizes that the Fed does not want the labor market to cool too much.

July 16, 2024 | 7:31 pm
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POSITIVE IMPACT
Fed's Kugler's comments on disinflation and labor market rebalancing are likely to positively impact SPY in the short term as they suggest a controlled approach to inflation and labor market cooling.
Kugler's comments indicate a positive outlook on inflation control and labor market stability, which are favorable for the broader market represented by SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80