Fed's Powell Says Fed Strongly Committed To Returning To 2% Goal; Failure Would Cause Greater Harm
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell stated that the Fed is strongly committed to returning to its 2% inflation goal, emphasizing that failure to achieve this target would cause greater harm to the economy.
May 19, 2023 | 3:20 pm
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NEUTRAL IMPACT
Fed's commitment to the 2% inflation goal may impact the overall market sentiment, potentially affecting the SPY ETF.
The Federal Reserve's commitment to the 2% inflation goal can influence market sentiment and expectations. While the statement does not directly mention the SPY ETF, it is a broad market indicator and can be affected by changes in market sentiment driven by the Fed's policy stance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50