Fed's Waller Says Forecasts Could Be Wrong, Must Be Nimble On Policy As Data Comes In; Getting Inflation Back To 2% Does Not Mean Prices Will Go Back To 2020 Or 2019; The Level Of Prices Is Flattening Out; To Bring Them Down You Would Have To Have Very Restrictive Policy That No One Wants
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller emphasizes the need for flexibility in monetary policy as new data emerges. He notes that achieving a 2% inflation target doesn't imply a return to 2019 or 2020 price levels, and suggests that overly restrictive policies are undesirable.
September 06, 2024 | 3:40 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on maintaining flexibility in monetary policy and avoiding overly restrictive measures could influence SPY, as it reflects broader market sentiment and economic conditions.
SPY, as an ETF that tracks the S&P 500, is sensitive to Federal Reserve policies. Waller's comments on being nimble and avoiding restrictive policies suggest a neutral to slightly positive outlook for SPY, as it indicates a balanced approach to inflation control without drastic measures.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50