Fed's Kugler Says Fed Does Not Want Cooling Of Labor Market To Come Through Layoffs; Fed Paying Very Close Attention To Issue Of How To Account For Immigration In Employment Reports
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler stated that the Federal Reserve does not want the cooling of the labor market to come through layoffs. The Fed is paying close attention to how immigration is accounted for in employment reports.
July 16, 2024 | 7:35 pm
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Fed's Kugler's comments suggest a cautious approach to labor market cooling, avoiding layoffs and focusing on immigration data. This could imply a stable economic outlook, potentially supporting SPY.
Kugler's comments indicate the Fed's intention to avoid layoffs, which could be seen as a positive signal for economic stability. This may support investor confidence in SPY.
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