Fed's Powell Says I Can't Say We Have A 'bright Line' In Mind For Labor Market Conditions
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that there is no specific threshold or 'bright line' for labor market conditions that would trigger a change in monetary policy. This suggests a flexible approach to economic indicators, which could impact market expectations.
September 18, 2024 | 7:14 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility as Powell's comments suggest a flexible approach to labor market conditions, impacting market expectations on monetary policy.
Powell's comments on the lack of a specific threshold for labor market conditions suggest that the Fed may not react immediately to changes in employment data. This could lead to uncertainty in market expectations regarding interest rate adjustments, affecting SPY's performance.
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