Fed's Daly Says Is 'Cautiously Optimistic' About Economic Outlook; Fed Has Been Able To Get Inflation Down Without Major Disruption; Notes Inflation's Retreat Has Been Broad Based; Funds Rate A Long Way From Where It's Likely To Settle; Likely Neutral Rate Is Higher Than It Once Was; 3% Rate May Be Around Neutral; Won't Be Surprised By Messy Economic Data
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly expresses cautious optimism about the economic outlook, noting that inflation has decreased without major disruptions. She mentions that the funds rate is far from its likely settling point, with a neutral rate possibly around 3%.
October 15, 2024 | 3:52 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may be influenced by Fed's Daly's comments on inflation and interest rates. Her optimism and insights on the neutral rate could impact market sentiment.
Daly's comments on inflation and interest rates are relevant to SPY as they can influence investor sentiment and market movements. Her cautious optimism and the potential 3% neutral rate suggest a stable economic outlook, which could positively impact SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50