Fed's Cook Says Inflation Is Not To Target But Has Come Down Substantially
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Cook stated that while inflation is not yet at the target level, it has decreased significantly. This suggests a potential easing in monetary policy, which could impact market sentiment.
October 01, 2024 | 3:37 pm
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The statement by Fed's Cook about inflation not being at target but having decreased substantially could influence SPY, as it may signal a potential shift in monetary policy, affecting market sentiment.
SPY, as an ETF that tracks the S&P 500, is sensitive to changes in monetary policy. Cook's comments suggest a potential easing, which could boost market sentiment and positively impact SPY in the short term.
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