Powell Says Labor Market Slack Did Not Figure Into Early Inflation; But Do Think Labor Slack Will Be A Factor In Inflation Going Forward
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that labor market slack did not contribute to early inflation, but he believes it will be a factor in inflation going forward.
May 19, 2023 | 3:26 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on labor market slack affecting future inflation may impact the overall market, including the SPY ETF.
Jerome Powell's statement on labor market slack and its potential impact on future inflation may cause uncertainty in the market. While it doesn't directly mention SPY, the ETF is a proxy for the overall market and may be affected by changes in investor sentiment due to inflation concerns.
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