Fed's Kashkari Says Reduction New Rents Give Us Confidence That Housing Inflation Will Come Down; Not Seeing Signs Of Resurgent Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Kashkari expressed confidence that a reduction in new rents indicates a decrease in housing inflation, and he does not see signs of resurgent inflation.
October 07, 2024 | 6:04 pm
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POSITIVE IMPACT
Kashkari's comments on reduced new rents and no signs of resurgent inflation could positively impact SPY, as it suggests a stable economic environment.
Kashkari's comments suggest a stable economic outlook, which is generally positive for broad market ETFs like SPY. Reduced housing inflation and no signs of resurgent inflation can lead to a more stable interest rate environment, benefiting equities.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50