Fed Chair Powell Says Without Price Stability, Will Not Achieve Sustained Strong Labor Market
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell emphasized that without price stability, a sustained strong labor market cannot be achieved.
June 14, 2023 | 6:32 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on price stability may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed Chair Powell's statement emphasizes the importance of price stability for a strong labor market. This may affect investor sentiment and market performance, which could indirectly impact the SPY ETF. However, the statement does not directly target the SPY ETF or its components, so the impact may be limited.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50