Fed Chair Powell Says Some Signs Supply And Demand In Labor Market Coming Into Better Balance; Labor Demand Still Substantially Exceeds Supply Of Workers
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that there are signs of supply and demand in the labor market coming into better balance, but labor demand still substantially exceeds the supply of workers.
June 14, 2023 | 6:34 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on labor market balance may impact the broader market, as represented by the SPY ETF.
Fed Chair Powell's statement on the labor market balance can influence investor sentiment and market trends. While the labor market is showing signs of improvement, the demand for workers still exceeds supply. This may lead to mixed reactions in the market, resulting in a neutral short-term impact on the SPY ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50