Fed's Musalem Says Market Volatility Happens All The Time; As A Policymaker, Only Care About Volatility To Extent It Tightens Financial Conditions
Portfolio Pulse from Benzinga Newsdesk
Fed's Musalem stated that market volatility is a common occurrence and is only a concern for policymakers if it tightens financial conditions.
August 15, 2024 | 1:39 pm
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NEUTRAL IMPACT
Fed's Musalem's comments suggest that market volatility is not a primary concern unless it affects financial conditions, which could imply stability for SPY unless significant tightening occurs.
Musalem's comments indicate that typical market volatility is not a major concern for the Fed unless it leads to tighter financial conditions. This suggests a neutral short-term impact on SPY, as the ETF is likely to remain stable unless there is significant tightening.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50