Powell: It Has Been The Case That Markets Are Pricing A Different Rate Path; That Seems To Reflect A Different Forecast Of Inflation Coming Down More Quickly; So Far Data Seemed To Support The Committee's View That It Will Take Time To Lower Inflation
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that markets are pricing a different rate path, reflecting a forecast of inflation coming down more quickly. However, he believes it will take time to lower inflation, and recent data supports the committee's view.
May 19, 2023 | 3:37 pm
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Fed Chair Powell's statement on market pricing and inflation forecasts may impact the SPY ETF, as it reflects the overall market sentiment.
Jerome Powell's statement indicates that the market is pricing a different rate path, which may affect the overall market sentiment and, in turn, the SPY ETF. However, the impact is uncertain as it depends on how investors interpret the statement and its implications for future monetary policy.
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RELEVANCE 50