Fed's Kashkari Says Monetary Policy's Role In Bringing Down Inflation Was Probably Mainly In Anchoring Inflation Expectations, Not On Reducing Demand
Portfolio Pulse from Benzinga Newsdesk
Neel Kashkari, President of the Minneapolis Federal Reserve, stated that the primary role of monetary policy in reducing inflation was likely in anchoring inflation expectations rather than reducing demand.
October 21, 2024 | 6:25 pm
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NEUTRAL IMPACT
The statement by Neel Kashkari may influence investor sentiment regarding inflation expectations, potentially impacting the SPY ETF, which tracks the S&P 500.
Kashkari's comments suggest a focus on inflation expectations, which could affect market sentiment and indirectly impact SPY. However, the direct impact on SPY is uncertain as it depends on broader market reactions.
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