Feds Daly Says We Are Far From Declaring Victory, But We Will Get Inflation To Goal; We Are Normalizing Balance Sheet And Policy Rate; These Are Consistent
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Daly stated in a Bloomberg TV interview that the Fed is committed to bringing inflation to its target. The Fed is normalizing its balance sheet and policy rate, indicating ongoing monetary policy adjustments.
August 26, 2024 | 6:16 pm
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The Federal Reserve's commitment to normalizing the balance sheet and policy rate could impact SPY, as it reflects broader market expectations for interest rates and inflation control.
SPY, as an ETF tracking the S&P 500, is sensitive to Federal Reserve policies. The Fed's actions on interest rates and balance sheet normalization can affect market sentiment and stock prices, impacting SPY's performance.
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