Fed Chair Powell Says Most Policymakers Expects Subdued Growth To Continue; Labor Market Remains Very Tight
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that most policymakers expect subdued growth to continue, while the labor market remains very tight. This may impact the overall market, including the SPY ETF.
June 14, 2023 | 6:34 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on subdued growth and tight labor market may impact the SPY ETF, reflecting the overall market sentiment.
Fed Chair Powell's statement indicates that the overall market may experience subdued growth, which could affect the SPY ETF as it tracks the S&P 500 index. However, the tight labor market may counterbalance the impact, leading to a neutral short-term effect on the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50