Fed's Powell Says Inflation Is Far Above Fed Objective; High Inflation Poses Significant Hardship; Inflation Poses Significant Hardship Particularly Those At The Margins Of Society
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell acknowledged that inflation is far above the Fed's objective, posing significant hardship, especially for those at the margins of society.
May 19, 2023 | 3:19 pm
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NEGATIVE IMPACT
Fed's Powell's comments on high inflation may cause uncertainty in the market, potentially impacting the SPY ETF.
Powell's statement on inflation being far above the Fed's objective may lead to market uncertainty and concerns about future monetary policy. This could result in increased volatility and downward pressure on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50