Fed's Daly Does Not Feel Current Fed Framework Created Policy Constraints; Says Key Question For Fed Framework Review Is Real Rate Of Interest Level, Framework Review Should Review Rate Policy, Balance Sheet Linkages
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly stated that the current Fed framework does not impose policy constraints. The key question for the Fed's framework review is the real rate of interest level, and the review should consider rate policy and balance sheet linkages.
October 15, 2024 | 4:07 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be influenced by Fed's policy reviews and interest rate considerations as these factors can impact market sentiment and economic outlook.
The SPY ETF is sensitive to changes in Fed policy and interest rates as these can affect the broader market. However, the current statement does not indicate immediate changes, leading to a neutral short-term impact.
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