Fed's Daly Says Fed Monetary Policy Still Restrictive, Working To Lower Inflation; Continued Progress On Fed Goals Not Assured, Fed Must Remain Vigilant; Fed Must Deliver 2% Inflation While Keeping Job Market At Full Employment; Risks To Fed Job, Inflation Mandates Now More Balanced; September Rate Cut Right-sized Monetary Policy; A Continued Expansion Remains Very Possible
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly emphasizes that the current monetary policy remains restrictive and is effectively working to lower inflation. However, continued progress on Fed goals is not guaranteed, and vigilance is necessary. The Fed aims to achieve 2% inflation while maintaining full employment. Risks to job and inflation mandates are now more balanced, and the September rate cut has appropriately adjusted monetary policy. A continued economic expansion is still possible.
October 15, 2024 | 3:32 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Fed's current restrictive monetary policy is working to lower inflation, with a balanced risk to job and inflation mandates. The September rate cut has right-sized the policy, and economic expansion remains possible.
The Fed's stance on maintaining restrictive monetary policy and the balanced risks to job and inflation mandates suggest a neutral impact on SPY. The September rate cut is seen as appropriate, indicating stability in monetary policy, which could maintain current market conditions.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50