Fed's Waller Says Asked About Risks Ahead, Says Inflation Is Running Softer Than He Thought; A Bit More Concerned On Inflation Running Softer; I Am More Worried About That Than In July; Also Firms Telling Me They Don't Have A Lot Of Pricing Power Now; Wage Inflation Is Coming Down; Inflation Is Potentially On A Lower Path Than We Were Expecting
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller expressed concerns about inflation running softer than expected, with firms lacking pricing power and wage inflation decreasing. This suggests inflation may be on a lower path than anticipated.
September 20, 2024 | 3:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may be impacted by Waller's comments on softer inflation and reduced pricing power among firms, suggesting a potential easing of inflationary pressures.
Waller's comments on softer inflation and reduced pricing power suggest a potential easing of inflationary pressures, which could positively impact SPY as it may lead to a more favorable economic environment for equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70