Fed's Kugler Says Below 100,000 Monthly Job Gain Would Be 'Very Low,' Must Be Mindful Of Potential Downward Revisions; Breakeven Number For Monthly Job Gains Is Anywhere From 100k To 240k
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Kugler stated that a monthly job gain below 100,000 would be considered 'very low' and emphasized the need to be cautious of potential downward revisions. The breakeven number for monthly job gains is estimated to be between 100,000 and 240,000.
September 25, 2024 | 8:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The statement by Fed's Kugler about job gains could impact SPY as it reflects broader economic conditions. A low job gain could signal economic slowdown, affecting market sentiment.
SPY, as an ETF tracking the S&P 500, is sensitive to economic indicators like job gains. Kugler's comments suggest caution due to potential economic slowdown, which could negatively impact SPY in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50