Fed's Logan Says Less Restrictive Policy Will Help Avoid Cooling Labor Market More Than Necessary; Progress On Inflation Has Been Broad-Based; Labor Market Has Cooled, Remains Healthy; Inflation, Labor Market 'Within Striking Distance' Of Fed's Goals; Recent Trends In Inflation For Housing, Other Core Services 'Encouraging,' Expect To Come Down Over Time
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Logan suggests that a less restrictive monetary policy could prevent an unnecessary cooling of the labor market. Inflation progress is broad-based, and both inflation and the labor market are nearing the Fed's targets. Recent trends in housing and core services inflation are promising and expected to decrease over time.
October 09, 2024 | 1:19 pm
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POSITIVE IMPACT
The Federal Reserve's indication of a less restrictive policy could positively impact the SPY ETF, as it suggests a stable economic environment with controlled inflation and a healthy labor market.
The SPY ETF, which tracks the S&P 500, is likely to benefit from a less restrictive monetary policy as it suggests economic stability. The Fed's progress on inflation and a healthy labor market are positive indicators for the broader market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 70