Fed's Daly Says Labor Market Is Complete In Balance; Time To Adjust Policy Is Upon Us; Hard To Imagine Anything Could Derail Sept Rate Cut; Don't Want To Keep Making Policy Tighter, As Inflation Comes Down; Not Hearing Signs That Firms Are Poised For Layoffs; Don't See Warning Signs Of Weakness, But Want To Be Sure To Adjust Policy As We Go
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly suggests the labor market is balanced and indicates a potential rate cut in September. She emphasizes the need to adjust policy as inflation decreases and sees no immediate signs of layoffs or economic weakness.
August 26, 2024 | 6:08 pm
News sentiment analysis
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POSITIVE IMPACT
Fed's Daly's comments on a potential September rate cut and balanced labor market could positively impact SPY, as lower rates often boost stock markets.
Daly's indication of a rate cut is likely to be seen as positive for equities, as lower interest rates generally support higher stock prices. SPY, being a broad market ETF, could benefit from this sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80