Fed's Kugler Says Inflation Measures Ex-Housing Are Near 2%, But That's Not What We Target; We Are Making Very Good Progress, But Not At 2% Yet; I Don't See That We Will Overshoot On Inflation; It Will Still Take Us Some Time To Get To 2% Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Kugler states that inflation measures excluding housing are near 2%, but the overall target is not yet achieved. He believes progress is being made without overshooting inflation, but reaching the 2% target will take more time.
September 25, 2024 | 8:39 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Federal Reserve's comments on inflation suggest a steady approach to reaching the 2% target, which may stabilize investor sentiment towards SPY in the short term.
The SPY ETF, which tracks the S&P 500, is sensitive to Federal Reserve policies. Kugler's comments suggest no immediate aggressive measures, which may stabilize SPY as investors anticipate a gradual approach to inflation control.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50