Fed's Logan Says Remain Attentive To Inflation Risks From Supply Chains, Geopolitics, Port Strike; As Labor Market Has Cooled, We Face More Risk It Will Cool Beyond What Is Needed To Return Inflation To 2%
Portfolio Pulse from Benzinga Newsdesk
Fed's Logan highlights the need to remain vigilant about inflation risks stemming from supply chains, geopolitics, and potential port strikes. The labor market has cooled, posing a risk of cooling beyond what is necessary to achieve a 2% inflation target.
October 09, 2024 | 1:20 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may experience volatility due to Fed's Logan's comments on inflation risks from supply chains, geopolitics, and labor market cooling.
The SPY ETF is sensitive to macroeconomic factors such as inflation and labor market conditions. Logan's comments suggest potential volatility, but no immediate directional impact is clear.
CONFIDENCE 80
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RELEVANCE 50