Fed's Collins, When Asked About Job Benchmark Revisions, Says Data Overall Tells A Consistent Story, Says Labor Market Overall Is Quite Healthy, And Want To Preserve That
Portfolio Pulse from Benzinga Newsdesk
In a Fox Business interview, Fed's Collins stated that despite job benchmark revisions, the overall data indicates a consistent and healthy labor market. The focus remains on preserving this health.
August 22, 2024 | 12:53 pm
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Fed's Collins reassures that the labor market remains healthy despite job benchmark revisions, which could stabilize investor sentiment towards SPY.
The statement by Fed's Collins suggests stability in the labor market, which is a key economic indicator. This could lead to neutral or stable investor sentiment towards SPY, as it reflects the overall market health.
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