Fed's Waller Says Sufficient Room To Cut Policy Rate And Still Remain Somewhat Restrictive To Ensure Inflation Returns To 2%; August Jobs Report And Other Recent Data Reinforces View There Has Been Continued Moderation In The Labor Market; In Light Of 'considerable And Ongoing Progress' Toward FOMC's 2% Inflation Goal, Balance Of Risks Has Shifted Toward Employment
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller suggests there is room to cut policy rates while maintaining a restrictive stance to ensure inflation returns to 2%. Recent data, including the August jobs report, indicates moderation in the labor market, shifting risks towards employment.
September 06, 2024 | 3:03 pm
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The Federal Reserve's indication of potential rate cuts while maintaining a restrictive stance could impact SPY, as it reflects broader market expectations. The moderation in the labor market and focus on employment risks may influence investor sentiment.
SPY, as an ETF tracking the S&P 500, is sensitive to Federal Reserve policy changes. The potential for rate cuts suggests a supportive environment for equities, while the focus on employment risks may lead to cautious optimism among investors.
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